Asked by Rebecca Weege on May 17, 2024

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A customer issues a stop-payment order when she has issued a check that has not yet been accepted and she wants the check to be accepted.

Stop-Payment Order

An order by a drawer that instructs the drawee bank not to pay an issued check.

  • Comprehend the consequences when an instrument fails to meet the criteria of a negotiable instrument.
  • Understand the mechanics of negotiation and the exchange of negotiable instruments.
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Verified Answer

ST
Sakshi ThakurMay 19, 2024
Final Answer :
False
Explanation :
A customer can issue a stop-payment order,an order by a drawer that instructs the drawee bank not to pay a check that has been drawn on the customer's account.A customer issues a stop-payment order when she has issued a check that has not yet been accepted and she wants the check not to be accepted.