Which of the Following Is an Example of a Federal

question 68

Multiple Choice

Which of the following is an example of a federal mandate?

• A) Clean Air Act
• B) Americans with Disabilities Act
• C) No Child Left Behind Act
• D) All of the above are true.

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Definitions:

Discharged Liability

Refers to a debt or obligation that has been fulfilled, canceled, or extinguished, relieving the debtor of any further responsibility.

Accommodation Party

A party who signs an instrument to provide credit for another party who has also signed the instrument.

Recover Money

The act or process of legally reclaiming monetary losses or damages through judicial or administrative procedures.

Accommodated Party

In finance, the party for whom a loan or credit extension is made, usually facilitated by the guarantee or cosigning by another party.