In Accordance with the Principle of Freedom of Contract, the Parties

question 21

True/False

In accordance with the principle of freedom of contract, the parties to a consumer sale can agree that the application of the implied conditions of the Sale of Goods Act will not apply.

Understand the legal implications of stop-payment orders on checks, including required notices and bank liabilities.

Describe the characteristics, uses, and legal aspects of traveler's checks and cashier's checks.

Recognize the requirements for electronic check presentment and processing checks electronically.

Grasp the principles governing the payment of postdated and altered checks and the liabilities involved.