An Image File Stores Past Transactions That May No Longer

question 87

True/False

An image file stores past transactions that may no longer be needed, is usually stored off-line, and can be accessed on an as-needed basis.

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Definitions:

Contractual Liability

The liability that individuals or entities have to one another as a result of entering into an agreement.

Common Law

A system of law based on precedent and customs rather than statutory laws.

Gap-Filling Rules

Provisions in law that allow courts or parties to fill in missing terms in a contract.

Sale Of Goods

The transfer of ownership to tangible personal property in exchange for money, other goods, or the performance of service.