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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>

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2 years ago
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Answer and Explanation:

The computation is shown below:

But before that we need to find out the current asset which is

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