Multiple Choice
Fact Pattern 18-1
Echo takes her car to Fix-It,Inc.,which repairs the car and bills Echo for $500.Echo writes out a check drawn on Capital Bank,but later,believing that Fix-It did not repair the car properly,issues a stop-payment order.
-Refer to Fact Pattern 18-1.Capital Bank
A) is liable to Fix-It for the amount of the check.
B) must stop payment if Capital has a reasonable time to act.
C) need not stop payment unless Echo had a valid reason to act.
D) need not follow Echo's order unless the check was certified.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Albert buys a surround sound system from
Q22: A customer must examine a bank statement
Q34: Jackie inserts a debit card issued by
Q61: A bank may not pay any checks
Q63: A bank is not obligated to pay
Q63: Jon writes a check to LocoMotion,Inc.,as payment
Q66: Little Local Bank wrongfully fails to honor
Q67: A forged indorsement does not transfer title.
Q68: A certified check is a check that
Q70: Luc writes a check for $1,000 drawn