Multiple Choice
Which of the following statements is true of an oral stop-payment order given by the customer?
A) It is not valid for more than 24 hours.
B) It is valid for only 14 days unless the customer confirms it in writing during that time.
C) It is invalid.
D) It is valid for six months and can be extended for another six months by giving the bank instructions to continue.
Correct Answer:
Verified
Correct Answer:
Verified
Q24: Revised Article 3 of the Uniform Commercial
Q25: What are the different electronic funds transfer
Q26: Which of the following statements is true
Q27: Article 2 of the Uniform Commercial Code
Q28: When a bank receives a properly drawn
Q30: When the depositor deposits a check to
Q31: A check on which a bank is
Q32: A check that bears a forged signature
Q33: Which of the following best describes a
Q34: If a bank pays a check after