The Purpose of a Revolving Savings Fund Is to

question 95

Multiple Choice

The purpose of a revolving savings fund is to

• A)save for long-term goals.
• B)accumulate funds for large, irregular expenses.
• C)meet occasional deficits.
• D)both accumulate funds for large, irregular expenses and meet occasional deficits.

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Definitions:

Duty of Competence

A legal obligation requiring lawyers to possess the necessary skill, knowledge, and ability to represent a client effectively.

Client Confidentiality

The ethical and legal duty of professionals, especially in legal and medical fields, to keep information about their clients strictly private.

Harmful Act

Harmful act refers to an action that causes injury or damage to another person or their property.

Legal Action

A lawsuit or proceeding in a court of law involving the enforcement or protection of a legal right or the imposition of legal penalties.