Which of the Following Is Not a Requirement for the Undue-Hardship

question 27

Multiple Choice

Which of the following is not a requirement for the undue-hardship standard?

• A) The debtor cannot maintain a minimal standard of living for herself and her dependents.
• B) The debtor has no marketable skills that would allow him to be employed.
• C) This state of affairs is likely to persist for a significant portion of the repayment period.
• D) The debtor has made good faith efforts to repay the loan.

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Definitions:

Direct Materials

Costs of raw materials that are directly used in the manufacturing of a product and can be directly attributed to the goods being produced.

Direct Labor

The direct costs associated with workforce expenses related to manufacturing products or delivering services.

Raw Materials Inventory

The total cost of all the materials not yet used in production but kept in stock, essential for manufacturing companies to manage production and supply chain efficiently.

Days' Sales

A financial ratio that indicates the average time in days that a company takes to sell its inventory, often referred to as days' sales in inventory or inventory turnover days.