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Automated Clearing House and Wire Transfer Are Two Forms of Electronic

question 77

True/False

Automated clearing house and wire transfer are two forms of electronic funds transfer.

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Definitions:

UCC

stands for the Uniform Commercial Code, a set of laws that provide legal standards and regulations for commercial transactions in the United States.

Non-breaching Seller

A seller who has complied with the terms of a contract and has not violated any conditions or obligations.

Withhold Delivery

The act of intentionally not delivering goods or services that are part of a contractual agreement.

Breach

The violation or infringement of a law, agreement, or code of conduct.

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