Which of the Following Is a True Statement About Student

question 61

Multiple Choice

Which of the following is a true statement about student loans?

• A)All student loans are provided directly to the student.
• B)All student loans are provided to parents of students.
• C)Interest payments are often deferred until the students graduate and enter the workforce.
• D)Interest is tax-free to those in all income levels.

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that sets forth the rules governing international sales contracts.

Warranty of Particular Purpose

A guarantee that a product will meet the specific requirements or needs of the buyer, going beyond general expectations.

Lack of Conformity

A situation where goods or services provided fail to meet the contractual specifications or standards agreed upon.

Section 402A

Part of the Restatement (Second) of Torts, imposing strict liability on manufacturers for defective products that cause harm.