Which of the following is most true about stop-payment orders?
A)Their validity is only for 14 days.
B)Their validity is only for six months.
C)They must give the bank 14 days to act on the order.
D)They can be oral or written.

Question

Quizplus · Accepted Answer

The customer may give a stop-payment order orally to the bank,but it is valid for only 14 days unless the customer confirms it in writing during that time.A written stop-payment order is valid for six months and the customer can extend it for an additional six months by giving the bank instructions in writing to continue the order.

Which of the Following Is Most True About Stop-Payment Orders