If a drawer files a stop payment order on a check, he is automatically relieved of liability for the obligation.

Name: If a drawer files a stop payment order on a check, he is automatically relieved of liability for the obligation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A stop payment order does not automatically relieve the drawer of liability for the obligation; the drawer may still be held responsible for the payment to the payee or a holder in due course.

If a Drawer Files a Stop Payment Order on a Check