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Question
Halfren, a county in the state of Halizona, is earthquake-prone. The governor of Halizona sets up a committee to explore the possible methods that could be used to minimize damage and loss of life. The committee found that a new technique of using steel reinforcements in building columns would help reduce overall damages. The findings were put to a debate at the local town hall, where it was accepted by a majority of the residents. The state government then passed a law making it mandatory to use the new technique while constructing new buildings in Halfren. Which of the following functions of the law did the state government of Halizona exhibit in this case?A) promoting social justice
B) maximizing individual freedom
C) shaping moral standards
D) facilitating orderly change
Answer
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Related questions
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Which of the following is true of a fully disclosed agency?
A) The third party does not know the identity of the principal.
B) The third party knows the name of the principal but all transactions are done with the agent.
C) The contract is between the principal, agent, and the third party.
D) The principal is liable on the contract with a third party.
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The ________ is a principal's duty to cover the agent for any losses the agent suffers because of the principal's conduct.
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A) duty to indemnify
B) duty to account
C) duty to reimburse
D) duty to notify
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Which of the following is an instance of misuse of confidential information?
A) An agent gives the seller the principal's name and phone number in a fully disclosed transaction.
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A) The principal can recover damages from the agent if the competition continues after the agency has ended.
B) The principal can recover profits made by the agent in the competing venture.
C) The principal has the option of buying the agent's competing venture.
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The agent's actions–not the principal's–create an apparent agency.
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Which of the following is true of an apparent agency?
A) The authority of an apparent agent is implied from the conduct of the parties.
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Which of the following is true about a special power of attorney?
A) It is an implied form of power of attorney.
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A) agent
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C) Section 16(b) of the Securities Exchange Act of 1934
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Q:
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Which of the following is an example of insider trading?
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D) An employee sells his shares to another employee without notifying the company.
Q:
In order to be found guilty for violation of Rule 10b-5, intentional conduct (scienter) must be proven.