An Oral Stop Payment Order Is Binding on the Bank

question 17

Multiple Choice

An oral stop payment order is binding on the bank for __________ days unless confirmed in writing within that time.

• A) five (5)
• B) seven (7)
• C) fourteen (14)
• D) thirty (30)

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment; involves asking questions, analyzing arguments, and identifying biases.

Cynical

Having a belief that people are motivated purely by self-interest; skeptically distrustful of human sincerity or integrity.

Judgmental

Having or displaying an excessively critical point of view or being quick to make judgments about others.

Rubric

A set of guidelines or criteria used to evaluate or score performance, products, or responses in a consistent and standardized manner.