Executes an action.
function ExecuteAction(Action: TBasicAction): Boolean; dynamic;
__fastcall Boolean ExecuteAction(TBasicAction Action);
ExecuteAction first checks if the provided action is compatible with the component and then executes the action. The return value is a boolean. A value of true is returned if the action was executed; otherwise false is returned.
Derived classes can override this method to implement a distinct way of handling actions.
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