Which of These Is Not a Characteristic of Paypal

question 9

Multiple Choice

Which of these is not a characteristic of Paypal?

• A)Facilitates online auction payments.
• B)Offers password protected accounts.
• C)Allows use of credit cards.
• D)Transfers funds in U.S.dollars.
• E)No annual fees.

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Definitions:

Merchant

Under the Uniform Commercial Code, one who regularly deals in goods of the kind sold in the contract at issue, or holds himself out as having special knowledge or skill relevant to such goods, or who makes the sale through an agent who regularly deals in such goods or claims such knowledge or skill.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aiming to standardize regulations across states to facilitate easier commerce.

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.

Information

A written accusation of crime brought by a public prosecuting officer to a court without the intervention of a grand jury.