Which of the Following Is True for a Stop-Payment Order

question 27

Multiple Choice

Which of the following is true for a stop-payment order to be effective?

• A)The order can come up to an hour after the check has been honored.
• B)The bank must receive the order in a way that gives the bank a reasonable opportunity to act.
• C)The bank can receive the order after it has certified the check.
• D)The order must be in a written format for the bank to be able to recognize it as the check corresponding to the stop-payment order.

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Definitions:

Productive

Yielding positive results or benefits; effective in achieving intended outcomes.

Aggression

A range of behaviors that can result in both physical and psychological harm to oneself, others, or objects in the environment.

True Group

A collection of individuals who are interdependent in their tasks, have shared objectives, see themselves as a cohesive unit, and are recognized by others as a group.

Collective

A term referring to a group or assembly of individuals who share common interests, goals, or identities, acting as a whole rather than as separate individuals.