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Peregrine Exam Day 11 Questions and Answers 100% Pass
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Peregrine Exam Day 11 Questions and Answers 100%Pass
interstate commerce - ✔✔trade between two or more states
subpoena - ✔✔a court order requiring appearance and/or testimony
Administrative Agency - ✔✔a federal, state, or local government agency established to
perform a specific
function
judical review - ✔✔the power of the Supreme Court to declare laws and actions of local,
state, or
national governments unconstitutional
Consumer Protection Laws - ✔✔variety of laws and goverment agencies protect the public
against
harmful products.
Chapter 7 Bankruptcy - ✔✔a filing has been done, and a cease letter is sent to each employee
about
three weeks before the close of the company. Next somebody can buy your company and
then no
, Bankruptcy will happen. If no buyer happens, the bank or some other entity, will take a look
at all the
assets and then try and sell the assets. Typically, only 1/3rd of employees are kept to finish
the loose
ends of the company.
Chapter 11 Bankruptcy - ✔✔protects an insolvent firm from creditors during a period of
reorganization
to restore profitability
Chapter 13 Bankruptcy - ✔✔a reorganization form of bankruptcy for individuals that allows
the debtors
to keep their property and use their income to pay a portion of their debts over three to five
years
Equal Credit Opportunity Act - ✔✔Gives all applicants the same rights. Credit providers may
not
discriminate based on: Age, Social Security, Housing loans.
Fair Credit Reporting Act - ✔✔Act that protects privacy of background information and
ensures that
information supplied is accurate.
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