Charles wants to buy a John Lennon lithograph over the Internet,but he is unwilling to pay for it until he inspects it to ascertain authenticity.The auction site through which he purchases the painting agrees to hold his money until he tells them to release it to the seller.This is an example of ________.

Question

Quizplus · Accepted Answer

This is an example of an escrow service, where a third party holds the money until the buyer is satisfied with the product they have received.

Charles Wants to Buy a John Lennon Lithograph Over the Internet,but