If Oral,a Stop Payment Order Is Binding on the Bank

question 40

Multiple Choice

If oral,a 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:

Insight

The capacity to gain an accurate and deep intuitive understanding of a person or thing, often resulting in a sudden clear solution to a problem.

Emotional Responses

Reactions that involve feelings and mood changes as a response to a particular stimulus or situation.

Conditioned

A learned response to a previously neutral stimulus, resulting from repeated association with a stimulus that elicits a natural response.

Acquisition Behavior

The process by which individuals learn to acquire new information or behaviors through observation, conditioning, or practice.