Payment of cheque can be stopped by
A)Beneficiary
B)Nominee
C)Drawer of cheque
D)All of the above

Question

Quizplus · Accepted Answer

The drawer of a cheque, who is the person who writes and signs the cheque, has the authority to stop its payment. This is typically done by issuing a stop payment order to the bank for various reasons such as theft, loss, or dispute over the payment amount. Beneficiaries and nominees do not have the authority to stop the payment of a cheque.

Payment of Cheque Can Be Stopped by