Multiple Choice
All of the following statements is incorrect concerning stale checks except: ______.
A) A check is stale when dated more than six (6) months before presentation to the bank.
B) Banks are required to pay stale checks unless a stop payment order has been issued.
C) Banks can pay in good faith after three (3) months.
D) Stale checks do not have to be verified with the bank's customer.
Correct Answer:
Verified
Correct Answer:
Verified
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