Which of the Following Rules Applies with Respect to a Tender

question 33

Multiple Choice

Which of the following rules applies with respect to a tender of payment?

• A) If a debtor pays more than is actually due, the creditor generally must provide "change" for the difference, as long as the "change" does not exceed the limits set by the Currency Act.
• B) A creditor that rejects a proper tender may be punished by an inability to claim interest.
• C) The creditor must tender payment even if the debtor has not asked for it.
• D) A creditor generally must accept any reasonable form of payment, such as cash, credit card, or cheque.
• E) A creditor that rejects a proper tender cannot later demand payment of the same debt.

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Definitions:

Holistic-Dynamic Theory

A psychological perspective that considers an individual as a whole, integrating motivational, emotional, and cognitive components.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, structured as a pyramid with basic needs at the base and self-actualization at the top, illustrating human motivational drivers.

Safety Needs

As part of Maslow's hierarchy of needs, these are fundamental requirements for security and protection from physical and emotional harm.

Basic Trust

A term often associated with Erik Erikson's stages of psychosocial development, referring to the first stage where an infant's sense of security and trust in the world is developed.