All of the Following Statements About Apple Pay Are True

question 34

Multiple Choice

All of the following statements about Apple Pay are true except which of the following?

• A)Apple Pay is subject to regulations issued by the Bureau of Consumer Financial Protection applicable to GPR transactions.
• B)Apple Pay is based on Touch ID biometric fingerprint scanning.
• C)Apple Pay can be used for mobile payments at the point of sale at a physical store.
• D)Apple Pay relies on NFC chip technology.

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Definitions:

Tort

A civil wrong or breach of duty to another person, as defined by law, that results in harm or injury, leading to legal liability.

Agents

Individuals or entities authorized to act on behalf of others in transactions or legal matters.

Undisclosed Principal

A situation in contract law where an agent acts on behalf of a principal, but the identity of the principal is not revealed to the third party.

Personal Liability

An individual's legal responsibility to satisfy debts or obligations from personal assets, not just those tied to a particular venture or entity.