Common use of STATEMENT OF LIABILITY Clause in Contracts

STATEMENT OF LIABILITY. After a sponsorship agreement is executed, CCAC considers its financial relationship with the student suspended for the term specified in the agreement, and financial liability of the sponsored student transferred to the sponsor. Consequently, CCAC considers any financial or conditional arrangements made between the student and the sponsor to be between the sponsor and the student, with no bearing on the liability the sponsor has to CCAC. Therefore, any obligations not fulfilled by the student to the sponsor including, but not limited to, non-attendance, non-completion or failure of classes, will have no alleviating effects on the sponsor’s liability to CCAC. Furthermore, CCAC encourages the sponsor to carefully consider and evaluate the student’s commitment and trustworthiness before extending a sponsorship to the student.