Which of the following statements is TRUE with respect to a contractual obligation that is discharged through payment by a debit card?
A) A debit card operates by allowing the card holder to purchase an item by promising to pay the vendor later.
B) Payment by debit card is final and irrevocable.
C) Unlike payment by cash, payment by debit card is conditional rather than final.
D) Because of the need for commercial certainty, the holder of a debit card is liable for all purchases, even if, for example, a criminal uses a gun to force the card holder to use the card.
E) Debit cards use the same rules and procedures as credit cards.
Correct Answer:
Verified
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