A Major Goal of Users of E-Commerce Is to

question 8

Multiple Choice

A major goal of users of e-commerce is to

• A)use drafts instead of checks
• B)eliminate paper documents and payment methods
• C)move a business transactions to mainframe computers
• D)use wire transfers for all payments

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Definitions:

Mortgage

A legal agreement by which a bank, credit union, or other financial institution lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of the title becomes void upon the payment of the debt.

Lien

A legal right or interest that a creditor has in the debtor's property, generally lasting until the debt that it secures is satisfied.

Land

The surface of the earth, extending downward to the center and upward indefinitely into space, inclusive of natural resources and fixtures.

Deed of Trust

A legal document in some states that transfers the title of real property to a trustee as security for a loan until the grantor repays the lender.