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.

---

Definitions:

Database Management System

A software interface that interacts with end users, applications, and the database itself to capture and analyze data.

Fact-based Support

Fact-based support involves making arguments, decisions, or setups based on factual evidence and data rather than intuition, assumptions, or personal belief.

Hyperlink Data

Information contained in a hyperlink that connects one document or webpage to another on the Internet or within a digital document.

Data Mart

A subset of a data warehouse, focused on a specific line of business, department, or subject area, making it easier to retrieve relevant data.