Which of the Following Is True of a Stop Payment

question 1

Multiple Choice

Which of the following is true of a stop payment order?

• A)It is valid for ten days if given by telephone.
• B)It is valid for one year if given in writing.
• C)A bank that accidentally pays a check in violation of a valid stop payment order inherits the rights of the customer against the payee and of the payee against the customer.
• D)A holder or indorser may stop payment on a check.

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Definitions:

Unspoken Messages

Communication that is conveyed through means other than words, such as through actions or body language.

Nonverbal Communication

The exchange of information or expression of feelings without the use of spoken language, often through gestures, facial expressions, and body language.

Facial Expressions

Movements of the facial muscles that convey emotions, intentions, or reactions nonverbally.

Time

A continuous, measurable quantity in which events occur in a sequence from the past through the present to the future.