Asked by Kallie Richards on May 12, 2024

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If a stop payment is placed on a check,the bank will:

A) require the payee to pay a fee to cash the check
B) contact the payer for permission before transferring cash to the payee
C) refuse to honor the check
D) freeze the account of the payee

Stop Payment

A method by which the maker of a check may stop payment of a check(s) written.

Refuse To Honor

The decision not to accept or recognize an agreement, request, or obligation, often due to perceived invalidity or impracticality.

Payee

A person to whom money is paid.

  • Understand the methods and significance of safely handling checks and cash.
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PT
Pawel TekielakMay 19, 2024
Final Answer :
C
Explanation :
When a stop payment is placed on a check, the bank will refuse to honor the check when it is presented for payment. This means the bank will not transfer funds from the payer's account to the payee or anyone else who presents the check.