Companies Process Credit and Debit Card Transactions Internally

question 80

True/False

Companies process credit and debit card transactions internally.

---

Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights with respect to services, products, or transactions.

Writing

The act or process of creating symbols such as letters or numbers on a surface to communicate or record information.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing in order to be enforceable.

Void

Describes a contract or legal agreement that is invalid or without legal effect from its inception.