Asked by
Bryan Martinez
on Nov 30, 2024Verified
On April 6, Ellen sends a check out to a magazine publisher and then discovers she has already paid for the subscription. She calls her bank and orders that the bank not make payment. That order will be good until:
A) April 13.
B) October 6.
C) April 13 if confirmed in writing.
D) October 6 if confirmed in writing.
Bank Make Payment
The act of a bank processing a transaction and transferring the requisite funds from one account to another as instructed.
Confirmed in Writing
The process of documenting an agreement or decision on paper or electronically to provide a tangible record of the terms.
- Comprehend the utilization of stop payment orders and their corresponding duration of effectiveness.
Verified Answer
BW
Learning Objectives
- Comprehend the utilization of stop payment orders and their corresponding duration of effectiveness.