Individuals Who Lack the Capacity to Enter into Contracts on Their

question 11

Multiple Choice

Individuals who lack the capacity to enter into contracts on their own are:

• A) the physically disabled.
• B) senior citizens.
• C) entrepreneurs.
• D) minors.

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Definitions:

Hedge Fund

An investment fund that employs various strategies to produce high returns, including leverage, short-selling, and derivatives, accessible typically to wealthy investors.

Incentive Bonus

A form of additional compensation paid to an employee as a reward for achieving certain goals or exceptional performance.

Gross Return

The total return on an investment before any deductions for fees or expenses.

Expense Ratio

A measure of what it costs an investment company to operate a mutual fund, expressed as a percentage of the fund's average assets per annum.