A _________________ Is an Account Designed to Encourage Saving for Future

question 17

Multiple Choice

A _________________ is an account designed to encourage saving for future college expenses and is legally known as a "qualified tuition plan."

• A) CD
• B) 529 plan
• C) Roth IRA
• D) Checking account

---

Definitions:

Substantial Factor Test

A legal standard used to determine causation, examining whether an action was a significant contributor to an event or injury.

Ultrahazardous Activity

involves actions or operations that inherently pose significant risk of causing substantial harm, for which those involved may be held strictly liable for any damages.

Comparative Negligence

Comparative negligence is a legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based claim, based upon the degree to which the plaintiff's own negligence contributed to the cause of their injury.

Assumption of Risk

A legal doctrine stating that an individual knowingly and voluntarily takes on the risks associated with an activity, relieving others of liability for harm that may result.