Peregrine Exam Day 11 Questions and Verified Answers| 100% Correct| Grade A+

Peregrine Exam Day 11 Questions and Verified Answers| 100% Correct| Grade A+ interstate commerce - trade between two or more states subpoena - a court order requiring appearance and/or testimony Administrative Agency - a federal, state, or local government agency established to perform a specific function judical review - the power of the Supreme Court to declare laws and actions of local, state, or national governments unconstitutional Consumer Protection Laws - variety of laws and goverment agencies protect the public against harmful products. Chapter 7 Bankruptcy - a 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 - protects an insolvent firm from creditors during a period of reorganization to restore profitability