Magda purchased some new clothes at a clothing store and gave the salesclerk a cheque for the price of the goods as payment. The acceptance of the cheque by the salesclerk constitutes payment of the debt in full.

Question

Quizplus · Accepted Answer

Acceptance of a cheque is considered conditional payment until the cheque is successfully cleared and the funds are transferred from the payer's account to the payee's account.

Magda Purchased Some New Clothes at a Clothing Store and Gave