Final answer:
Contract accounts are controlled by the code within them, not by EOAs, which can interact with them but do not have control over the account's behavior.
Step-by-step explanation:
Contract accounts are not controlled by EOAs; rather, they are controlled by the code deployed within them. EOAs, or Externally Owned Accounts, are controlled by individuals using private keys, and primarily can initiate transactions, deploy contracts, and interact with contract accounts by sending transactions to them. In contrast, contract accounts hold smart contract code and its execution is dependent on the conditions programmed into the contract itself.
Contract accounts are not controlled by EOAs. The statement is false. EOAs, or Executive Order Authorities, do not have control over contract accounts. Contract accounts are typically controlled by a contract manager or a designated individual within an organization.
For example, in a business setting, contract accounts are managed by contract administrators who are responsible for ensuring that contractual obligations are met, overseeing budget allocations, and maintaining accurate records of contract performance.
Therefore, the correct answer to the question is False.