Asked by Emily Huber on May 08, 2024
Verified
In a sales contract,how can the buyer make payment?
A) Cash and negotiable instruments
B) Credit arrangements and negotiable instruments
C) Cash and credit arrangements
D) Negotiable instruments and cash
E) Cash,credit arrangements,and negotiable instruments
Sales Contract
A legal agreement between two parties for the exchange of goods, services, or property for payment.
Buyer Payment
The act of providing money or consideration by a buyer to a seller in exchange for goods, services, or property.
- Acquire knowledge of the definition and properties of negotiable instruments under the Uniform Commercial Code (UCC).
- Classify the different categories of negotiable instruments such as drafts, notes, and checks.
Verified Answer
BH
Brionna HavensMay 11, 2024
Final Answer :
E
Explanation :
In a sales contract,the buyer can make payment through cash,credit arrangements,and negotiable instruments.
Learning Objectives
- Acquire knowledge of the definition and properties of negotiable instruments under the Uniform Commercial Code (UCC).
- Classify the different categories of negotiable instruments such as drafts, notes, and checks.