What Is the Legal Effect of Using a Credit Card

Multiple Choice

What is the legal effect of using a credit card?

A) A cheque is drawn on a financial institution to pay for goods and services purchase by the credit holder.
B) The vendor selling the product advances credit to the purchaser and the debt is later paid by the card issuer.
C) The bank undertakes payment on behalf of the card issuer and the amount becomes a debt payable to the card holder.
D) The card issuer undertakes payment on behalf of the card holder and the amount becomes a debt payable by the card holder to the card issuer.