A buyer makes payment for goods accepted using a check.If the bank refuses to pay the check,the buyer:
A)has still satisfied the duty to pay for the goods.
B)must give the goods back to the seller.
C)has the right to retain the goods.
D)can be excused from the obligation.

Question

Quizplus · Accepted Answer

If payment is made by check,the payment is conditional on the check's being honored by the bank when it is presented for payment.If the bank refuses to pay the check,the buyer has not satisfied the duty to pay for the goods.In that case,the buyer does not have the right to retain the goods and must give them back to the seller.

A Buyer Makes Payment for Goods Accepted Using a Check