All of the following are correct concerning stop payment orders, except: ______.
a.
a stop payment order must be in writing to be effective.
b.
a stop payment order is invalid for some forms of checks.
c.
a stop payment order does not prevent a holder in due course from demanding payment.
d.
a stop payment order may be issued if a payee has failed to perform under a contract.

Question

06-10-2022
Business

Answered

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All of the following are correct concerning stop payment orders, except: ______.
a.
a stop payment order must be in writing to be effective.
b.
a stop payment order is invalid for some forms of checks.
c.
a stop payment order does not prevent a holder in due course from demanding payment.
d.
a stop payment order may be issued if a payee has failed to perform under a contract.

Sagot :

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