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: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:

1.stop payment

2.not act on the request

3.note caution and will advise the payee to contact purchaser of the draft

4.none of the above


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