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The Uniform Transfers to Minors Act Establishes Procedures for Adults

question 59

True/False

The Uniform Transfers to Minors Act establishes procedures for adults to make irrevocable gifts of money and securities to minors.


Definitions:

Uniform

Consistent or identical in form, manner, or character among different instances or places.

State

Refers to a politically organized body of people usually occupying a definite territory; especially, one that is sovereign.

Bait-And-Switch

A deceitful sales tactic where a customer is lured by an advertisement for a low-priced item but then is persuaded to buy a more expensive one.

Advertise

The act of promoting products, services, or brands to potential customers through various media.

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