Examlex

Solved

When a Contract Involves the Sale of a Unique Item

question 6

Multiple Choice

When a contract involves the sale of a unique item that the injured party could not obtain from anyone but the other party to the contract, the courts are most likely to apply the remedy of which of the following?


Definitions:

Preauthorized Payment

A prearranged payment that allows a payee to automatically withdraw funds from a payer's account as per the agreed terms, usually on a recurring basis.

Stop Payment

An instruction to a bank by an account holder not to pay or honor a check that has been issued from their account.

EFT Charges

Charges or fees associated with Electronic Funds Transfer, which is the electronic transfer of money from one bank account to another.

Unauthorized Payment

A transaction completed without the approval or consent of the account holder.

Related Questions