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Plain Language Laws Regulate Some Types of Contracts to Require

question 38

True/False

Plain language laws regulate some types of contracts to require "legalese."

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Definitions:

Contract

A legally binding agreement between parties that outlines the terms and conditions under which a transaction or exchange is to take place.

Means-Tested Programs

Government programs and assistance available only to individuals or families whose income and assets fall below specified thresholds.

Consumption Tax

A tax on the purchase of goods and services, levied at the point of consumption.

High Income

Refers to earnings that significantly exceed the average or median income level within a specific region, industry, or demographic segment.

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