It Is Not a Good Idea to Use Credit for

question 52

Multiple Choice

It is not a good idea to use credit for

• A) convenience.
• B) durable expenses.
• C) consumable items.
• D) investments.
• E) improving one's credit rating.

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Definitions:

Accepting Offer

The act of voluntarily agreeing to the terms of an offer, thereby creating a binding contract between the offeror and the offeree.

Subject-To Clause

A term making a contract conditional on future events.

Love And Affection

An emotional state or feeling of strong attachment and personal bond towards another person or persons.

Adequate Consideration

The fair and reasonable value exchanged in a contract that is sufficient to make the agreement binding and enforceable.