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Jared wants his daughter, Jacqueline, to learn about the stock market. He loans Jacqueline $30,000, but does not require Jacqueline to pay interest. Jared tells Jacqueline that she can repay him from the proceeds of future stock sales. Discuss the tax issues that Jared should consider.
Internet Pornography
Sexually explicit content available over the internet, ranging from images and videos to adult games and sexually explicit text.
Consideration
Something of value exchanged by parties in a contract that is necessary for the agreement to be legally binding.
Existing Duty
An obligation that is already legally required or expected of a person or entity.
Verbal Agreement
An agreement made through spoken words between parties that can be legally binding, but is harder to prove than a written contract.
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