Which Older Person Does NOT Need to Worry About Paying

question 108

Multiple Choice

Which older person does NOT need to worry about paying for long-term care?

• A) Sven, who lives in Norway
• B) Starratt, who lives in the United States
• C) So Ling, who lives in China
• D) So Lu, who lives in Korea

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Definitions:

Principal Debtor

The main individual or entity responsible for repaying a debt or obligation.

Ancillary Bailee

An individual or entity that is temporarily entrusted with someone else's property for a specific, ancillary service, without transfer of ownership.

Surety

A person or entity that takes responsibility for another's performance of an undertaking, such as fulfilling a contract.

Debt

An obligation to repay borrowed money or goods at a later date, often involving interest fees.