A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:

Question

TuteeHUB · Accepted Answer

Not act on the request

TuteeHUB · Answer

Note caution and will advice the payee to contact purchaser of the draft

TuteeHUB · Answer

Stop payment

TuteeHUB · Answer

Performs no action

1.	A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:
A.	Note caution and will advice the payee to contact purchaser of the draft
B.	Not act on the request
C.	Stop payment
D.	Performs no action
Answer» B. Not act on the request

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