A Buyer Makes Payment for Goods Accepted Using a Check

question 56

Multiple Choice

A buyer makes payment for goods accepted using a check.If the bank refuses to pay the check,the buyer:

• A)has still satisfied the duty to pay for the goods.
• B)must give the goods back to the seller.
• C)has the right to retain the goods.
• D)can be excused from the obligation.

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Definitions:

Nutrition Facts

Information provided on food packaging that includes serving size, calories, fat content, and other dietary information.

Seller's Option

The right of the seller to choose specific terms in a transaction, such as the time and place of delivery.

Federal Trade Commission Act

A U.S. federal law established in 1914 to prevent unfair competition, deceptive acts, or practices in the marketplace.

U.S. Steel

A major American integrated steel producer with major production operations in the United States and Central Europe.