Legal Tender Is Best Defined As

question 21

Multiple Choice

Legal tender is best defined as:

• A)Cash payment.
• B)Currency that cannot be legally refused in payment of a debt.
• C)Cash, cheques, credit cards or electronic funds transfer payments.
• D)Currency.

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Definitions:

Expert

An individual with specialized knowledge or skills in a particular area, often called upon to give opinions or advice.

Rescission

The legal cancellation of a contract, which may release all involved parties from their contractual obligations.

Damages

Monetary compensation awarded by a court to a party who has suffered loss or harm due to the wrongful act or negligence of another.

Fraud

An intentional deception made for personal gain or to damage another individual.