
Do you need help with
Larry Lawstudent borrows $500 from Metropolitan Bank, under the North Carolina Stafford Act, which is modeled on, and copies from, the Federal Stafford Act. Under the program, banks make loans to students under individual loan agreements with each student. The statute setting up the program includes a guarantee that, if the student defaults, and the bank cannot collect after diligent efforts, the state will use a grant from the federal government to assure payment of the outstanding balance. Larry defaults on his loan, and Metropolitan sues him for the amount due in North Carolina state court. Larry removes to federal court, asserting that there is federal question jurisdiction. Is there?A.Yes because there is a federal issue in the lawsuit.B.No unless Larry can argue that a federal statute excuses him from paying because of financial hardship.C.No because the bank's complaint is based on state law.D.Yes because the North Carolina Stafford Act is based on federal law.
Then try StudyFetch, the AI-powered platform that can answer your questions and teach you more about it!


How StudyFetch Helps You Master This Topic
AI-Powered Explanations
Get in-depth, personalized explanations on this topic and related concepts, tailored to your learning style.
Practice Tests
Take adaptive quizzes that focus on your weak areas and help reinforce your understanding of the subject.
Interactive Flashcards
Review key concepts and terms with AI-generated flashcards, optimizing your retention and recall.
Educational Games
Engage with fun, interactive games that reinforce your learning and make studying more enjoyable.
Start mastering this topic and many others with StudyFetch's comprehensive learning tools.