Banks often take the position that a stop-payment order must:
A)be in writing.
B)explain why the check is to be stopped.
C)give notice at least 3 business days before the check is presented.
D)be correct to the penny because they rely on computers.

Question

Quizplus · Accepted Answer

A common issue is whether the stop-payment order must have the dollar amount correct to the penny.Banks often take the position that the stop-payment order must be correct to the penny because they program and rely on computers to focus on the customer's account number and the amount of the check in question to avoid paying an item subject to a stop-payment order.

Banks Often Take the Position That a Stop-Payment Order Must