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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