When a Business Accepts Credit Cards from Customers in Payment

question 7

True/False

When a business accepts credit cards from customers in payment of sales,the business has to pay a fee to the credit card processor.

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Definitions:

United States Constitution

The supreme law of the United States, establishing the framework of national government and the rights of the citizens.

Contractual Capacity

The legal ability of a person or entity to enter into a binding contract, which generally requires them to be of a certain age and have a sound mind.

Informed Consent

A process by which a person voluntary confirms their willingness to participate in a particular activity, after having been informed of all the risks, benefits, and alternatives.

Legal Object

A purpose that does not violate a statute or public policy.