It Is Not a Good Idea to Use Credit for

question 52

Multiple Choice

It is not a good idea to use credit for

• A) convenience.
• B) durable expenses.
• C) consumable items.
• D) investments.
• E) improving one's credit rating.

Understand the role of parental relationship quality and parenting style in children's adjustment post-divorce.

Understand the labor force participation rate of mothers with young children.

Critically analyze guidelines for communicating with children about divorce.

Examine the factors influencing children’s behavior and the parental role beyond birth order.

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Definitions:

Illusory Promises

Statements or promises that appear to assure performance or commitment but, due to vague or conditional terms, do not actually bind the promisor to any action.

Forbearance

A temporary postponement of mortgage payments granted by a lender or creditor in lieu of forcing the property into foreclosure, allowing the borrower time to catch up on payments.

Breach of Contract

A violation of the terms or conditions as stated in a contract, which may result in legal action or penalties against the party at fault.

Fair Market Value

The price at which property would sell for on the open market between a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts.