Which of the following statements is TRUE with respect to a contractual obligation that is discharged through payment by a debit card?
A) Debit cards use the same rules and procedures as credit cards.
B) Unlike payment by cash, payment by debit card is conditional rather than final.
C) A debit card operates by allowing the card holder to purchase an item by promising to pay the vendor later.
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) Payment by debit card is final and irrevocable, unlike a credit card transaction.
Correct Answer:
Verified
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