Solved

If a Bank's Payment Over a Stop-Payment Order Causes Subsequent

Question 29

True/False

If a bank's payment over a stop-payment order causes subsequent checks written on the drawer's account to be returned for insufficient funds, the bank will be liable for the drawer's resulting costs.

Correct Answer:

verifed

Verified

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

Related Questions

Q24: A check may fall under Uniform Commercial

Q25: Ruth takes her car to Service Center,

Q26: Rhea writes a check for $100 drawn

Q27: If only a bank's drive-through facility is

Q28: Curt issues a check payable to Discount

Q30: Finance Bank receives a check drawn on

Q31: Electronic banking has reduced the number of

Q32: Faye forges Greta's signature on a check

Q33: Corky pays Delta Bank $500 plus a

Q34: Chad writes Dina an uncertified check for