Geoff Serves in a Representative Capacity for Huck

question 17

Multiple Choice

Geoff serves in a representative capacity for Huck.To accomplish the objectives of this relationship,Geoff's authority can be implied

• A)by contradiction.
• B)by custom.
• C)by lack of reason.
• D)under no circumstances.

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Definitions:

Cheques Deposited

The act of placing a check into a bank account for processing and eventual availability of funds.

Electronic Lockboxes

Secure electronic devices used for safe storage and controlled access to keys or assets.

Disbursement Float

The time delay between when a check is issued and when it is actually deducted from the payer's bank account, affecting cash management.