Jack provides James with cheque in payment for the delivery of goods. Later when Jack checks the goods, he realizes that James has delivered the wrong goods. Jack wishes to cancel the cheque. Jack may go to the bank and request a
A) stop payment order.
B) stop payee document.
C) de- certification order
D) cancel document.
E) negotiable instrument.

Question

Quizplus · Accepted Answer

Jack can request a stop payment order from the bank to cancel the cheque. This is the best option as it will prevent the cheque from being cashed or deposited by James.

Jack Provides James with Cheque in Payment for the Delivery