If a Drawer Files a Stop Payment Order on a Check

question 13

True/False

If a drawer files a stop payment order on a check, he is automatically relieved of liability for the obligation.

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Definitions:

Triarchic Theory

A theory of intelligence proposed by Robert Sternberg that suggests there are three types of intelligence: analytical, creative, and practical.

Analytic

Pertaining to or involving the analysis of components or logical reasoning.

Practical Intelligence

The ability to solve everyday problems through insightful understanding of human behaviors and effective use of knowledge and skills.

Creative

The ability or quality of generating new and original ideas, solutions, or artistic expressions.