Use the fact situation above to answer the question. In this case,if the certified cheque is negotiated
A)Albert's advice to the bank of the loss of the cheque discharges the bank from having to honour it.
B)being certified,no stop payment can be put on the cheque and the bank must honour it.
C)Albert can put a stop payment on the cheque and the bank will not have to honour it.
D)the bank can put a stop payment on the cheque and the bank will not have to honour it.
E)none of the above

Question

Quizplus · Accepted Answer

If the certified cheque is negotiated, it means that it has been guaranteed by the bank and cannot be stopped or cancelled by the customer who requested it. Therefore, the bank must honour the cheque if it is presented for payment.

Use the Fact Situation Above to Answer the Question