1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leya [2.2K]
3 years ago
12

Statutes that are enacted to protect the public are called licensing statutes. Generally, unlicensed persons cannot recover paym

ent for services when they do not have the required license. Problems arise if an unlicensed person tries to collect payment for services provided to another under a contract. Some statutes expressly provide that unlicensed persons cannot enforce contracts to provide these services. If a statute is silent on this point, enforcement depends on whether it is a(n) ________ statute or a revenue-raising statute.
Business
2 answers:
guapka [62]3 years ago
8 0

Answer:

If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.

Explanation:

Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.  

Likurg_2 [28]3 years ago
5 0

Answer:

The correct word for the blank space is: regulatory.

Explanation:

Regulatory statues are those that deal with procedures related to federal, state, and local governmental agencies. Examples of the procedures dealt in such scenarios are applications for licenses or administration for social services such as subsidized housing, health care or welfare just to mention a few.

<em>Regulatory statutes give the advantage to unlicensed people to be eligible to enforce payments for contracts in the case the written agreement does not specify any provision explicitly.</em>

You might be interested in
A $104,000 selling price with $24,000 down at 8.5% for 25 years results in a monthly payment of?
jekas [21]
119 payments of 330.38 
5 0
3 years ago
On November 1, Jasper Company loaned another company $100,000 at a 6.0% interest rate. The note receivable plus interest will no
allochka39001 [22]

Answer:

Explanation:

The journal entry is shown below:

Interest receivable A/c Dr $1,000

                     To Interest revenue A/c $1,000

(Being accrued interest is recorded)

The computation of accrued interest is presented below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $100,000 × 6% × (2 months ÷ 12 months)

= $1,000

The 2 months is calculated from November 1 to December 31

5 0
3 years ago
If inflation expectations increase, but the return on money doesn’t, people will want to hold less money, ceteris paribus, becau
11Alexandr11 [23.1K]

Answer:

TRUE

Explanation: If the return on money does not rise in relation to the expectation of a rise in inflation, people will have less need to keep more money with them, if other factors remain constant (ceteris paribus) the relative return on goods such as Land,gold,turnips,buildings etc and other non financial items  will increase. This situation tries to show the relationship between a rise in inflation and a rise in non financial items this tries to explain the MONEY THEORY.

6 0
3 years ago
What are the features of direct tax​
sesenic [268]

Answer:

Advantages of Direct Taxes.....

:) Promotes equality. ...

:) Promotes certainty. ...

:) Promotes elasticity. ...

:) Saves time and money.

Explanation:

hope it was helpful....

3 0
2 years ago
Allocative inefficiency due to unregulated monopoly is characterized by the condition:____.
Lerok [7]

Allocative inefficiency due to unregulated monopoly is characterized by the condition: P>MC.

Allocative inefficiency happens whilst the purchaser does no longer pay a green price. A green charge is one that just covers the costs of manufacturing incurred in supplying the good or provider. Allocative efficiency occurs while the company's fee, P, equals the greater (marginal) cost of delivery, MC

Monopolies can boom fees above the marginal fee of manufacturing and are allocative inefficient. that is because monopolies have marketplace strength and may boom rate to reduce client surplus.

Allocative efficiency occurs while consumer demand is completely met by means of supply. In other words, organizations are presenting the precise supply that clients want. For an instance, a baker has 10 customers trying an iced doughnut. The baker had made exactly 10 that morning – that means there's an allocative performance.

Learn more about Allocative efficiency  here:

brainly.com/question/14471969

#SPJ4

7 0
1 year ago
Other questions:
  • EB12.
    10·1 answer
  • In a command economy, which group is most responsible for producing the
    15·1 answer
  • Cash flows from investing activities LO P3 Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a
    8·1 answer
  • Which of the following actions helps a company find the game plan for​ long-run survival and growth that makes the most sense gi
    12·1 answer
  • During the process of confirming receivables as of December 31, Year 1, a positive confirmation was returned indicating the "Bal
    13·1 answer
  • Ford Corporation entered into a troubled debt restructuring agreement with their local bank. The bank agreed to accept land with
    9·1 answer
  • The top managers of Promedium Inc. are creating a master budget for the company. They require a statement of the budget goals fr
    10·1 answer
  • A bond has a modified duration of 8 and a price of 112,955 calculated using an annual effective interest rate of 6.4%. EMAC is t
    8·1 answer
  • The inventory turnover ratio and days sales outstanding (DSO) are two ratios that can be used to assess how effectively the firm
    14·1 answer
  • What are four ethical character traits
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!