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:

Development

The process of growth or progression through a series of stages or phases, often referring to physical, cognitive, or emotional growth.

Sex And Childhood

Refers to the biological differences between males and females and how these differences can influence development and socialization in childhood.

Autonomy Versus Shame And Doubt

A stage in Erikson's theory of psychosocial development where toddlers strive for independence, faced with the challenge of overcoming doubts and feelings of shame.

Psychosocial Theory

A framework that explores how individual psychological development is influenced by social interactions and experiences across the lifespan.