Which of the Following Statements Does Not Accurately Describe a Line

question 78

Multiple Choice

Which of the following statements does not accurately describe a line of credit?

• A)A line of credit is already approved before the money is actually needed.
• B)A line of credit is a long-term loan.
• C)A line of credit can be obtained at a credit union, trust company, or bank.
• D)A line of credit provides an alternative source of funds if an emergency does develop.
• E)A line of credit is available immediately when needed.

Understand the enforceability of contract clauses, including exclusions of liability and limitations on liability.

Explore theories for recovery when a contract is breached or terminated, including restitution.

Analyze the implications of failure to perform contracted service and the pursuit of damages.

Understand the legal processes involved in rescinding a contract and obtaining restitution.

---

Definitions:

Overwhelming Sense Of Fear

An intense and overpowering feeling of fear, often sudden and without a clear cause.

Obsessive-Compulsive Disorder

A mental health disorder characterized by unreasonable thoughts and fears (obsessions) leading to compulsive behaviors.

Doubts

Feelings of uncertainty or lack of conviction about something, leading to questions or hesitations in belief or action.

Repetitive Routines

Behaviors or tasks that are performed in a consistent, unvarying manner, often as part of a daily or regular schedule.