Which of the Following Are NOT Presumed to Be Binding

question 39

Multiple Choice

Which of the following are NOT presumed to be binding?

• A) Agreements between suppliers and manufacturers
• B) Agreements between family members for the purchase of a business
• C) Agreements between strangers
• D) Agreements between family members to cook a birthday dinner
• E) Agreements between banks and their customers

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Definitions:

Stored-Value Cards

Prepaid payment cards that have a monetary value stored on them electronically, commonly used for transactions in place of cash.

Smart Cards

Physical cards with embedded integrated circuits that can process information, used for secure transactions and identification.

Security Programming

The process of designing and implementing software and systems with measures to protect against unauthorized access, use, disclosure, disruption, modification, or destruction.

Electronic Fund Transfer Act

U.S. legislation that aims to protect consumers engaging in electronic transfers of funds, including direct deposits, ATM transactions, and debit card payments.