Question

A stop payment ordered by a drawer is valid:

A. for 30 calendar days only, if the order was made orally.

B. if it is received in time and in such a manner as to afford the bank a reasonable opportunity to act on it.

C. for only one year, unless renewed in writing.

D. only on limited items payable on his/her account, and cannot be used for checks with a value of $500 and above.

Answer

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