A Drawer's Written Stop-Payment Order Is Valid For

question 88

Multiple Choice

A drawer's written stop-payment order is valid for:

• A)six months,unless the drawer extends it in writing.
• B)only 14 days,and can be extended if the drawer sends a written order.
• C)one year,unless it is renewed in writing.
• D)a check of $500 and above.

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Definitions:

Barter

A system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.

Attorney Fees

The charges that clients pay for legal services provided by lawyers or law firms, which can vary based on the complexity of a case, the reputation of the attorney, or the billing method employed.

Smart TV

A television set with integrated internet and interactive "Web 2.0" features allowing users to stream music and videos, browse the internet, and view photos.

Quantity Discount

A reduction in price given to customers who purchase large volumes of a product, incentivizing bulk purchases.