Which of the Following Are Not Types Home Equity Loans

question 54

Multiple Choice

Which of the following are not types home equity loans?

• A)Home equity line of credit (HELOC).
• B)Fixed-rate/fixed-term.
• C)Balloon payment loans.
• D)All of the choices are types of home equity loans.

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Definitions:

RUPA Partnership Test

The criteria established under the Revised Uniform Partnership Act to determine the existence of a partnership, focusing on the intention to carry on as co-owners of a business for profit.

Startup Business

A nascent company aiming to fill a gap in the market and rapidly grow in terms of customers and revenues.

Liability

The state of being legally responsible for something, typically referring to the obligation to compensate others for loss or damage caused by one’s actions.

Control

The power or authority to manage, direct, or influence something or someone's actions or operations.