____ Is a Benefit of Using Credit

question 69

Multiple Choice

____ is a benefit of using credit.

• A)The ability to buy expensive goods while spreading the payments over time
• B)Providing payments that fit into a budget
• C)Having a permanent record of transactions
• D)Being able to purchase goods and services when checks are not acceptable
• E)All of these.

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Definitions:

Enforceable

Capable of being imposed by law or force; refers to contracts, obligations, or rules that can be legally upheld.

Illusory Promise

A promise that is vague or made in such a way that it does not actually commit the promisor to any course of action.

Enforceable Contract

A legal agreement between parties that is valid and recognized by the law, allowing for it to be enforced in a court of law.

Accord And Satisfaction

An agreement between two parties where a dispute is settled by agreeing on a less than what is owed, and the performance of the agreement fully satisfies the debt.