Solved

A Check Drawn on a Bank Is an Order to Pay

Question 11

Multiple Choice

A check drawn on a bank is an order to pay a sum of money and an authorization to charge the amount to the drawer's account.The drawer may countermand this order by which of the following?


A) A canceled check
B) A stop payment order
C) A banker's acceptance
D) A time draft

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q6: If a depositor in Mountain Bank takes

Q7: The Check Clearing for the 21st Century

Q8: Consumer electronic funds transfers are covered by

Q9: Wholesale electronic funds transfers:<br>A) are also called

Q10: If a bank pays on a check

Q12: A preauthorized fund transfer may be made

Q13: Darla drew a $100 check on Union

Q14: On April 6,Ellen sends a check for

Q15: Sylvia deposits a $50 check drawn on

Q16: If you lose your wallet along with