Bob purchased a new washing machine from a local department store.He paid for the washing machine by check.Two days later,Bob discovered that the washing machine did not work.Bob telephoned the bank and issued an oral stop-payment order on the check.Which of the following will be true for an oral stop-payment order?

Question

Quizplus · Accepted Answer

The customer may give an oral stop-payment order 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.

Bob Purchased a New Washing Machine from a Local Department