Multiple Choice
A written stop-payment order is:
A) valid for only 14 days and cannot be extended further even if written instructions are given to the bank by the customer.
B) valid for only three months unless confirmed in writing.
C) not valid for more than 48 hours.
D) valid for six months, and can be extended for another six months if written instructions are given by the customer.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: For improper execution or failure to execute
Q14: Describe the provisions of the Electronic Funds
Q15: Normally, a drawee bank is not obligated
Q16: A bank that knows of a customer's
Q17: Any person authorized to draw a check
Q19: Even when a bank receives a properly
Q20: Which of the following is a factor
Q21: The customer may give an oral stop-payment
Q22: If a drawer is negligent and contributes
Q23: The time requirements for notice of postdated