You and I Have Entered into a Contract for the Sale

question 17

Multiple Choice

You and I have entered into a contract for the sale of a boat. We have agreed that I will deliver possession of the vessel to you at the same time that you pay the purchase price of $10 000. You have the option of paying with either cash or a certified cheque. Which of the following statements is TRUE?

• A) I would prefer to receive cash because a certified cheque would not give me any rights against the drawee bank.
• B) I would prefer to receive a cheque because it is more difficult for me to transfer cash to a stranger.
• C) You would prefer to pay with cash because cash is less risky than a cheque if a theft occurs.
• D) Certification of a cheque would be relevant only if I intended to negotiate the cheque to someone other than a bank.
• E) You would prefer to pay with a cheque because $10 000 in cash does not easily fit into your pocket.

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Definitions:

Fibrinogen

A blood plasma protein that's converted into fibrin by thrombin in the blood clotting process, essential for wound healing.

Fibrin

A protein that plays a crucial role in blood clotting, forming a fibrous mesh that impedes the flow of blood.

Tachycardia

A condition characterized by an abnormally rapid heart rate.

Systemic Circuit

The part of the cardiovascular system that carries oxygenated blood away from the heart to the body, and returns deoxygenated blood back to the heart.