Always Paying Cash Helps in Establishing a High Level of Creditworthiness

question 15

True/False

Always paying cash helps in establishing a high level of creditworthiness.

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Definitions:

Fiduciary Duty

An obligation to act in the best interest of another party, typically where a relationship of trust and confidence exists, such as between a trustee and beneficiary.

Restrictive Covenant

A clause in a contract which limits certain actions of one or both parties, often used in employment and real estate agreements to protect business interests.

Picket Line

A boundary established by workers on strike, especially at the entrance to the place of work, intended to dissuade or prevent others from entering or leaving.

Canada Labour Code

Federal legislation that regulates employment standards, labour relations, and workplace health and safety in Canada.