Peregrine Exam Day 11 100% Correct!

interstate commerce - ANSWERtrade between two or more states subpoena - ANSWERa court order requiring appearance and/or testimony Administrative Agency - ANSWERa federal, state, or local government agency established to perform a specific function judical review - ANSWERthe power of the Supreme Court to declare laws and actions of local, state, or national governments unconstitutional Consumer Protection Laws - ANSWERvariety of laws and goverment agencies protect the public against harmful products. Chapter 7 Bankruptcy - ANSWERa 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 - ANSWERprotects an insolvent firm from creditors during a period of reorganization to restore profitability Chapter 13 Bankruptcy - ANSWERa 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 - ANSWERGives all applicants the same rights. Credit