Asked by Paola Davis on Jul 21, 2024

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A drawer's written stop-payment order is valid for six months and the drawer can extent it for an additional ________ by giving the bank instructions in writing to continue the order.

A) six months
B) 30 days
C) 90 days
D) month

Stop-payment Order

An order given to a bank by an account holder not to honor a specific check or payment, often used in cases of lost checks or disputes over payment.

Six Months

A time frame consisting of approximately 180 days or half a year.

Drawer

The person or entity that writes or issues a check, making an order to a bank to pay a specified amount of money to the party named or to the bearer.

  • Comprehend the criteria and processes involved in initiating a stop-payment instruction on a check.
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Verified Answer

MM
Michael MaherJul 27, 2024
Final Answer :
A
Explanation :
A written stop-payment order is valid for six months and the customer can extend it for an additional six months by giving the bank instructions in writing to continue the order.