You and I Have Entered into a Contract for the Sale

Multiple Choice

You and I have entered into a contract for the sale of a boat.We have agreed that I will deliver possession of the vessel to you at the same time that you pay the purchase price of $10 000.You have the option of paying with either cash or a certified cheque.Which of the following statements is TRUE?

A) You would prefer to pay with a cheque because $10 000 in cash does not easily fit into your pocket.
B) You would prefer to pay with cash because cash is less risky than a cheque if a theft occurs.
C) I would prefer to receive a cheque because it is more difficult for me to transfer cash to a stranger.
D) I would prefer to receive cash because a certified cheque would not give me any rights against the drawee bank.
E) Certification of a cheque would be relevant only if I intended to negotiate the cheque to someone other than a bank.