If the buyer pays by check,payment is conditional on the check being honored when it is presented to the bank for payment.

Name: If the buyer pays by check,payment is conditional on the check being honored when it is presented to the bank for payment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a buyer pays by check, the payment is not final until the check is honored by the bank, meaning that the funds are available and transferred to the seller's account. Therefore, payment is conditional on the check being honored.

If the Buyer Pays by Check,payment Is Conditional on the Check