INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 75

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-It [is | is not] possible to avoid most risks in your life.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Consideration

The value (which can be a promise, an act, or an object) exchanged between parties in a contract.

Voluntary Transfer

The act of willingly transferring ownership or interest in an asset from one party to another without coercion.

Conveyance

The act of transferring ownership of property from one party to another, often involving real estate.

Gift

A voluntary transfer of property for which the donor receives no consideration in return.