Which of the Following Statements Is True About a Deposit

question 35

Multiple Choice

Which of the following statements is true about a deposit?

• A)it is an amount paid at the beginning of the contract as a sign of good faith
• B)it can be forfeited if the transaction is not completed by the fault or choice of the depositor
• C)All of the above
• D)it can be accepted by the innocent party as the complete payment or remedy for damages and the innocent party cannot sue for more
• E)it will be considered a penalty if it exceeds more than 10% of the total price

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Definitions:

Equipment Malfunction

A situation where machinery or technical equipment fails to operate correctly or breaks down during use.

Concerned Authorities

Refers to the relevant officials or organizations that have control or jurisdiction over a particular area or issue.

Task Demand

The specific requirements and responsibilities associated with a job, including the skills, effort, and responsibilities required to effectively perform the work.

Group Pressure

The influence exerted by a group on individuals to conform to certain behaviors, attitudes, or standards.