Unless Otherwise Agreed by the Parties, Payment by a Buyer

question 7

True/False

Unless otherwise agreed by the parties, payment by a buyer requires payment either in cash or by certified check.

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Definitions:

Illegal Agreement

A contract or arrangement that is not enforceable by law because it involves activities prohibited by legislation or goes against public policy.

Restatement of Contracts

A comprehensive restatement of the common law of contracts, integrating current legal practices and principles aimed at clarifying and simplifying contract law.

Intoxicated Person

An individual whose normal capacity to act or make decisions is significantly impaired due to the consumption of alcohol or drugs.

Obligation of Restitution

The legal requirement to return or compensate for something lost or damaged, typically as a result of a breach of contract or harm.