Which of the Following Is NOT One of the Benefits

question 2

Multiple Choice

Which of the following is NOT one of the benefits of a business accepting credit cards from its customers?

• A)The business does not have to check the credit ratings of customers.
• B)The business can attract more customers and more sales.
• C)The business doesn't take the risk of the customer failing to pay.
• D)The business earns a higher profit on credit card sales than cash sales.

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Definitions:

Good-faith Purchaser

An individual who buys property without knowing of any claims, liens, or encumbrances against it, thereby acquiring clean title.

Voidable

A term applied to a contract that one or both parties have the ability to either withdraw from or enforce.

Good Title

A legal term indicating that a property title is valid and free of any liens or other encumbrances that might hinder its sale or use.

Fair Market Value

The price at which property would sell on the open market between a willing buyer and a willing seller, each having reasonable knowledge of the relevant facts.