When a Third Person Makes Payment to an Authorized Agent

question 10

True/False

When a third person makes payment to an authorized agent, such payment is deemed made to the principal as of the time when the agent remits the payment to the principal.

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Definitions:

Bioplastic

A type of plastic material derived from renewable biomass sources, such as vegetable fats, oils, corn starch, or microbiota, designed to reduce reliance on fossil fuels.

Renewable Energy

Energy from sources that are naturally replenishing and sustainable over time, such as solar, wind, and hydroelectric power.

Conventional Sources

Traditional practices or methods commonly accepted and widely used in a particular field or industry.

Paperless Billing

A method of billing where bills are sent electronically through email or accessible via an online account, eliminating the need for physical paper bills.