Mutual Funds Charge the 12b-1 Fee to Offset Advertising and Marketing

question 69

True/False

Mutual funds charge the 12b-1 fee to offset advertising and marketing costs.

---

Definitions:

Disputed Debt

A disagreement between a creditor and a debtor over the existence, amount, or terms of repayment of a debt.

Mutual Assent

refers to the agreement between parties in a contract, shown by a valid offer and acceptance, which is required for a contract to be enforceable.

Valid Consideration

Valid Consideration is a necessary component of a legally binding contract, involving something of value exchanged between the parties involved.

Adequate Consideration

Something of value that is deemed by law to be sufficient grounds for enforcing a party's obligation under a contract.