Peregrine Exam Day 11
interstate commerce - answerstrade between two or more states
subpoena - answersa court order requiring appearance and/or testimony
Administrative Agency - answersa federal, state, or local government agency
established to perform a specific function
judical review - answersthe power of the Supreme Court to declare laws and actions of
local, state, or national governments unconstitutional
Consumer Protection Laws - answersvariety of laws and goverment agencies protect
the public against harmful products.
Chapter 7 Bankruptcy - answersa 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 - answersprotects an insolvent firm from creditors during a
period of reorganization to restore profitability
Chapter 13 Bankruptcy - answersa 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 - answersGives all applicants the same rights. Credit
providers may not discriminate based on: Age, Social Security, Housing loans.
interstate commerce - answerstrade between two or more states
subpoena - answersa court order requiring appearance and/or testimony
Administrative Agency - answersa federal, state, or local government agency
established to perform a specific function
judical review - answersthe power of the Supreme Court to declare laws and actions of
local, state, or national governments unconstitutional
Consumer Protection Laws - answersvariety of laws and goverment agencies protect
the public against harmful products.
Chapter 7 Bankruptcy - answersa 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 - answersprotects an insolvent firm from creditors during a
period of reorganization to restore profitability
Chapter 13 Bankruptcy - answersa 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 - answersGives all applicants the same rights. Credit
providers may not discriminate based on: Age, Social Security, Housing loans.
