Which of the Following Statements Is TRUE with Respect to a Contractual

question 11

Multiple Choice

Which of the following statements is TRUE with respect to a contractual obligation that is discharged through payment by a debit card?

• A)Debit cards use the same rules and procedures as credit cards.
• B)Unlike payment by cash, payment by debit card is conditional rather than final.
• C)A debit card operates by allowing the card holder to purchase an item by promising to pay the vendor later.
• D)Because of the need for commercial certainty, the holder of a debit card is liable for all purchases, even if, for example, a criminal uses a gun to force the card holder to use the card.
• E)Payment by debit card is final and irrevocable, unlike a credit card transaction.

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Definitions:

Proactive Interference

A phenomenon where old information hinders the recall of newly learned information.

Retrieval Failure

A phenomenon in cognitive psychology where the inability to recall information is often due to the absence of proper cues or a failure in the retrieval process.

Spacing Effect

The cognitive phenomenon where learning is facilitated when study sessions are spaced out over time rather than conducted in a single session.

Misinformation Effect

The phenomenon where a person's recall of episodic memories becomes less accurate because of post-event information, often leading to false memories.