PFL -- Chapter 8 (Credit Part 2)

Question 1

before moving in with a roommate you should be certain that you are compatible and share similar living habits

Answer 1

true

Question 2

group budgeting requires that roommates share equally all of the expenses of living together

Answer 2

false

Question 3

few contracts are oral agreements where you verbally promise to do something

Answer 3

false

Question 4

tenant common areas include hallways, lawns, swimming pools, recreation rooms, and other facilities on the property

Answer 4

true

Question 5

landlords are required to provide a safe, sanitary, and habitable living site for a tenant

Answer 5

true

Question 6

tenants do not need to read rental agreements before signing, they all contain the same standard contract language

Answer 6

false

Question 7

when determining how much you can afford to pay for a car you should not factor in the costs of insurance, gaosline and maintenance

Answer 7

false

Question 8

when a car loan is upside down you owe more on your car than it is worth

Answer 8

true

Question 9

leasing a car instead of buying one is generally not a good idea because a monthly lease payment is generally higher than a monthly car payment

Answer 9

false

Question 10

buying a house generally involves a large cash downpayment of 10-20 percent of the total purchase price of the house

Answer 10

true

Question 11

leaders are more willing to grant business start up loan if the business owner does not invest any of her or her own money in the business

Answer 11

false

Question 12

student loan forgiveness is available to students who perform public service after graduating from college

Answer 12

true