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Which of the Following Is Correct Regarding the Manager's Statement

Question 1

Multiple Choice

Which of the following is correct regarding the manager's statement that stop-payment orders may not be oral?


A) The manager is incorrect because under the UCC, a stop-payment order may be given orally.
B) It depends on the amount of the check because oral stop-payment orders may only be given for checks in an amount over $500.
C) It depends on the amount of the check because oral stop-payment orders may only be given for checks in an amount under $500.
D) It depends on the amount of the check because oral stop-payment orders may only be given for checks in an amount under $1,000.
E) The manager is correct.

Correct Answer:

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