A written stop-payment order is:
A. valid for six months, and can be extended for another six months if written instructions are given by the customer.
B. valid for only three months unless confirmed in writing.
C. not valid for more than 48 hours.
D. valid for only 14 days and cannot be extended further even if written instructions are given to the bank by the customer.
Answer: A
You might also like to view...
In order to estimate the proportion of individuals who read at least one book per month, a random sample of individuals at a book fair was selected and they were asked whether or not they read at least one book per month. Their responses are shown below. ResponsesFrequency Yes, I read at least one book per month640 No, I do not read at least one book per month160 ? Develop a 95% confidence interval for the proportion of individuals in the population who read at least one book per month.
What will be an ideal response?
Henry has passed away (intestate). He is survived by his wife, Henrietta, and three children. Henry had no previous marriages. He also has two grandchildren and he predeceased his mother. Under the UPC, who inherits Henry's property?
A)?His wife B)?His wife and children C)?His wife and mother D)?His wife, mother, children and grandchildren in equal shares E)?None of the above
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43 . The shares pay a dividend of $3 per share during the six months. How much does the investor gain?
A. $1,000 B. $400 C. $700 D. $300
Which of the following performance measures will increase if inventory decreases and all else remains the same? Return on InvestmentResidual IncomeA)YesYesB)NoYesC)YesNoD)NoNo
A. Choice A B. Choice B C. Choice C D. Choice D