Asked by
MCKENZIE MURRAY
on Nov 30, 2024
Verified
If a drawer files a stop payment order on a check, he is automatically relieved of liability for the obligation.
Stop Payment Order
An instruction to cancel the payment process of a check, draft, or another financial instrument before it has been cashed or deposited.
- Understand the judicial architecture managing the application of checks, detailing the obligations and rights of stakeholders.
Verified Answer
AB
Learning Objectives
- Understand the judicial architecture managing the application of checks, detailing the obligations and rights of stakeholders.