All of the Following Are Correct Concerning Stop Payment Orders

question 8

Multiple Choice

All of the following are correct concerning stop payment orders, except: ______.

• A) a stop payment order may be issued if a payee has failed to perform under a contract.
• B) a stop payment order does not prevent a holder in due course from demanding payment.
• C) a stop payment order is invalid for some forms of checks.
• D) a stop payment order must be in writing to be effective.

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Definitions:

Widow

A woman who has lost her spouse by death and has not remarried.

Hospice Patient

is an individual receiving end-of-life care aimed at providing comfort, reducing pain, and addressing psychological, social, and spiritual needs.

Self-Educated

The process of acquiring knowledge or skills through one's own efforts without formal instruction.

Adversity

A state, condition, or instance of serious or continued difficulty or misfortune.