menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 8
  4. Exam
    Exam 17: Managing a Business 4: Making Payments and Recovering Debts
  5. Question
    Legal Tender Is Best Defined As
Solved

Legal Tender Is Best Defined As

Question 21

Question 21

Multiple Choice

Legal tender is best defined as:


A) Cash payment.
B) Currency that cannot be legally refused in payment of a debt.
C) Cash, cheques, credit cards or electronic funds transfer payments.
D) Currency.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Which of the following statements is true

Q16: What is a 'payday lender'?<br>A)A lender who

Q19: Which of the following is not expected

Q23: An 'examination summons' is:<br>A)A statement of claim.<br>B)An

Q24: What is the effect of 'crossing' a

Q26: Legal proceedings against a debtor will generally

Q35: What is 'negotiability'?<br>A)The name for the principle

Q40: Which of the following is not true

Q44: What is the legal effect of using

Q46: What kind of documentation is a credit

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines