Which of the Following Is NOT Correct

question 17

Multiple Choice

Which of the following is NOT correct?

• A) Using credit permits the purchase of goods even when funds are low
• B) Using credit can decrease the amount of money that will be available to spend in the future.
• C) Using credit offers convenience when shopping on the Internet.
• D) Using credit cards typically provides a "float" of up to 10 days.
• E) Using credit allows a consumer to shop without carrying a large amount of cash.

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Definitions:

Web Page

A document on the World Wide Web that can contain text, images, links, and multimedia content, accessible through a web browser.

Mutual Assent

Mutual assent is a principle in contract law that states an agreement must involve a clear offer and acceptance between parties to be legally binding.

Consideration

In contract law, it refers to something of value exchanged between parties as part of a contract, required for the agreement to be legally binding.

Capacity

The legal ability, competency, or power to enter into a contract.