A check drawn on a bank is an order to pay a sum of money and an authorization to charge the amount to the drawer's account. The drawer may countermand this order by which of the following?
A) A canceled check.
B) A stop payment order.
C) A banker's acceptance.
D) A time draft.
Correct Answer:
Verified
Q53: An objective of the Check 21 Act
Q54: The duty of care exercised by a
Q55: A check is drawn on Jones Bank
Q56: If Ben Stewart has a checking account
Q57: The Competitive Equality Banking Act:
A) allowed intermediary
Q59: When a payor bank gets an item
Q60: If you lose your wallet along with
Q61: Mary receives her monthly bank statement on
Q62: What is the effect of a payor
Q63: What is electronic funds transfer? Why do
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents