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Is the Bank Required to Stop Payment on the Internet

Question 59

Multiple Choice

Is the bank required to stop payment on the internet order for the expensive watch?


A) Yes,so long as Ariel notifies the bank at least three days before the payment is scheduled.
B) No,while a customer may stop a preauthorized payment,a customer cannot order a stop payment on an EFT because such transfers occur instantaneously.
C) Yes,a customer may stop a preauthorized payment.
D) Yes,as long as she does not receive the watch.
E) No,a customer may not stop a preauthorized payment.

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