A Valid Short-Term Investment Goal Is

question 146

Multiple Choice

A valid short-term investment goal is

• A) Saving $4,000 per year for 40 years for retirement.
• B) Spending less than $500 per month for housing.
• C) Accumulating $3,000 in a savings account over the next 12 months.
• D) Using credit cards less in the next six months.
• E) Purchasing a $250,000 life insurance policy within the next four years.

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Definitions:

Legitimate Business Purpose

A justifiable reason or objective underlying a company's activities or decisions, often assessed in legal contexts to determine the validity of business conduct.

Illegal Agreements

Contracts or arrangements that are prohibited by law due to their nature, purpose, or the means by which they are achieved.

Unconscionable Agreements

Contracts or agreements that are so unfairly one-sided that they are considered void under the law due to the significant imbalance in power and information between the parties involved.

Contracts of Adhesion

Contracts of adhesion refer to standard-form agreements prepared by one party, leaving the other party little or no ability to negotiate more favorable terms.