Professional Tax Research Conclusions Should Always Be Based on Relevant

question 59

True/False

Professional tax research conclusions should always be based on relevant secondary authority.

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Definitions:

Valid Delegation

The act of legally transferring one's authority or responsibility to another party who is capable and authorized to carry out the necessary tasks.

Hamilton

A reference likely tied to Alexander Hamilton, an influential American Founding Father, or it might relate to the city of Hamilton in various countries; without context, a precise definition is difficult.

Material Breach

A significant violation or failure to comply with a contractual obligation, which allows the other party to terminate the contract.

Time is of the Essence

A clause in contracts that specifies that exact times and dates are crucial and non-adherence to them constitutes a breach of contract.