Major Advantages of Credit Cards to the Retailer Include All

question 189

Multiple Choice

Major advantages of credit cards to the retailer include all of the following except the

• A) issuer does the credit investigation of customers.
• B) issuer undertakes the collection process.
• C) retailer receives more cash from the credit card issuer.
• D) All of these answers are correct.

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Definitions:

Irrevocability Period

The timeframe during which a decision, offer, or agreement cannot be revoked or withdrawn.

UCC

Stands for the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across the country.

Finance Lease

A lease agreement where the lessee assumes both the risks and rewards of ownership of the asset, but legal title may not be transferred.

Acquires Title

The act of obtaining legal ownership of a property or asset.