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Payment Over a Stop Payment Order Gives Rise to Liability

Question 20

Multiple Choice

Payment over a stop payment order gives rise to liability:


A) when the drawee has had written notice of the stop payment within one year.
B) when the drawee has been notified any time before the check is presented for payment.
C) when the drawee has been notified orally within fourteen days and the drawer suffers a loss by payment of the check.
D) when the drawee has been notified in writing within six months, regardless of whether the drawer suffered a loss.

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