All of the following are correct concerning stop payment orders, except: ______.
A) a stop payment order may be issued if a payee has failed to perform under a contract.
B) a stop payment order does not prevent a holder in due course from demanding payment.
C) a stop payment order is invalid for some forms of checks.
D) a stop payment order must be in writing to be effective.
Correct Answer:
Verified
Q19: A check may be certified by a
Q20: When a bank certifies a check, the
Q21: Postdating a check changes the check from
Q22: An oral stop payment order is binding
Q23: Ordinarily, the drawee bank is liable to
Q25: A bank will not be liable for
Q26: Harvey issued a check to AgribizCo and,
Q27: Which of the following statements describes a
Q28: Certification of a check at the request
Q29: A consumer who notifies the issuer of
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