Wrong.
Quick Create allows users to create records from home pages for Accounts, Contacts, Opportunities, Leads and custom objects.
It also allows users to create records from the Account look-up field results list on the Quick Create form on Contacts, Leads, and Opportunities.
With Quick Create, validation rules don’t apply.
Link to Salesforce Help : Create Records with Quick Create
“+ New Account” button on the look-up field to Accounts from the new Contact form :
Right.
Quick Create allows users to create records from home pages for Accounts, Contacts, Opportunities, Leads and custom objects.
It also allows users to create recordsfrom the Account look-up field results list on the Quick Create form on Contacts, Leads, and Opportunities.
With Quick Create, validation rules don’t apply.
Link to Salesforce Help : Create Records with Quick Create
“+ New Account” button on the look-up field to Accounts from the new Contact form :