Examlex

Solved

According to the Textbook, Which of the Following Statements Is

question 110

Multiple Choice

According to the textbook, which of the following statements is TRUE?


Definitions:

Certified Cheque

A means of transferring funds by cheque where payment is, in effect, guaranteed by the bank.

Legal Tender

Officially recognized currency that can be used to settle debts, public charges, taxes, and dues.

Warranty Breach

Occurs when a product fails to meet the standards or conditions promised by a warranty, leading to potential legal redress.

Condition Subsequent

A condition in a contract that, when fulfilled, terminates an existing obligation under the contract.

Related Questions