An Oral Stop Payment Order Is Binding on the Payor

question 55

True/False

An oral stop payment order is binding on the payor bank for 14 calendar days.

---

Definitions:

IMs

Instant Messages are text-based conversations conducted in real-time over the internet between two or more participants.

Linear Way

Refers to a direct or straightforward approach or method in processes or reasoning.

Digitally

Digitally refers to tasks, processes, or interactions that occur or are facilitated through digital means, such as computers, smartphones, or the internet.

Printed Message

Communication that is conveyed through text on paper, such as magazines, newspapers, or flyers.