Regulatory powers - Study guides, Class notes & Summaries

"As an executor of an estate, a Bank Trust Department typically: a. Does not have a fiduciary duty. b. Is charged with the responsibility to marshal assets, pay debts, and make distributions per terms of the will. c. Can only serve if granted special permission by the regulatory authorities in addition to the bank's general fiduciary powers. d. Must have capital in excess of the normal capital required to exercise general trust powers. " - Answer-B "As an executor of an estate, a Ban...

Regulatory Powers correct answers Enable the agency to pass specific regulations and rules to support the administration of the license law Judicial Powers correct answers Enable it to conduct hearings and investigations into the activities of licensees and to rule on license suspensions or revocations Administrative Powers correct answers Enable it to establish the staff organization, records, and facilities to manage the licensing process and the licensees themselves Mission of the Te...

Modalities of interpretation correct answers Textual - words of the con Structural - how the con. fits together (separation of powers) Historical - Original intent of the frmaers. (original meaning and traditions) (interpreted in accordance with history or background) Doctrine/precedent - what the court's have generally decided Ethical/National values/moral - Moral values Prudential/practical/pragmatic- What are the consequences of the ruling? (pragmatic consequences) Three functions of...

American Government CLEP; Questions and Answers 100% Solved Federalism Correct answer A system in which the power to govern is shared between national and state governments Dual / Layer Cake Federalism Correct answer A system in which national and state governments are competitors with distinct powers. This system was prominent in the US from the during the 19th century until 1937. Cooperative / Marble Cake Federalism Correct answer A system in which national and state government ha...

Solutions Law: Correct Answer-a body of rules of action or conduct prescribed by controlling authority and having binding legal force. Public Law: Correct Answer-a law that applies generally to the people of a nation or of a state. Private Law: Correct Answer-the law governing relations between private individuals. Statutory Law Correct Answer-an act of a legislative body declaring, commanding, or prohibiting something Administrative Law: Correct Answer-the body of law created by ad...

Test Bank for The Legal Environment Today 8e 8th Edition by Roger LeRoy Miller, Frank B. Cross. ISBN-13: 6560 Full Chapters test bank included Unit 1: The Foundations Ch 1: Business and Its Legal Environment Ch 1: Contents Ch 1: Learning Objectives Ch 1: Introduction Business Activities and the Legal Environment Sources of American Law The Common Law Tradition Classifications of Law Ch 1: Key Terms Ch 1: Chapter Summary: Business and Its Legal Environment Ch 1: Issue Spotters...

LEB323 Midterm Exam Questions and Answers All Correct Aids or devices used by courts to interpret a statute - Answer-1. Dictionary 2. Textual context rather than the statute as a whole 3. Legislative history of a particular statute 4. Circumstantial context 5. Precedent - prior judicial interpretations of the same statute or similar language in another statute Three Categories of Provision of US Constitution - Answer-Basic organization into three branches of govt Delineates authority...

Cannon Financial Institute CFIRs Sample Questions and Answers Rated A+ "As an executor of an estate, a Bank Trust Department typically: a. Does not have a fiduciary duty. b. Is charged with the responsibility to marshal assets, pay debts, and make distributions per terms of the will. c. Can only serve if granted special permission by the regulatory authorities in addition to the bank's general fiduciary powers. d. Must have capital in excess of the normal capital required to exe...

Legal persons vs. natural persons - ️️natural persons are individuals who benefit from all ten privileges in the bill of rights, legal persons include business which count as legal entities and benefit from SOME of the freedoms listed in the bill of rights t/f: A precedent is a decision that furnishes an example or authority for deciding subsequent cases involving similar legal principles and facts. - ️️True Niether congress nor any state can pass a law that is - ️️in conflict w...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...