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Legl 2700 Roessing Test 4 vocab Questions &
Verified Answers | 100% Pass Rate Guaranteed |
Latest Updated Version
quasi-legislative - (answer)an agency can issue rules (regulations) that have the
impact of laws
quasi-judicial - (answer)agencies can make decisions like a court
cease and desist order - (answer)An administrative or judicial order prohibiting
a person or business firm from conducting activities that an agency or court has
deemed illegal.
consent order - (answer)A voluntary, court-enforceable agreement to stop an
illegal or questionable practice.
general counsel - (answer)important in many agencies
- require Senate approval
- made up of chief law officer and legal adviser
- represents the agency in court
-makes a decision to file suit or pursue other remedies
-significant impact on policies
- as powerful as commissioner and board
administrative law judges - (answer)perform the adjudicative fact-finding
functions
-have immunity
, 2
exhaustion of remedies - (answer)a doctrine requiring that a person attempt
all available options within an administrative agency before taking a claim to a
court
Primary Jurisdiction - (answer)a doctrine used by reviewing courts to
determine whether a case is properly before the courts or whether it should be
heard by an administrative agency first since such an agency might have
expertise superior to the courts'
security - (answer)investment in which the investor does not participate in the
management
Securities Act of 1933 - (answer)The first major federal law regulating the
securities industry. It requires firms issuing new stock in a public offering to file
a registration statement with the SEC.
Issuer - (answer)the individual or business organization offering a security for
sale to the public
underwriter - (answer)anyone who participates in the original distribution of
securities by selling securities from the issuer, or by guaranteeing sale
controlling person - (answer)one who controls or is controlled by the issuer,
such as a major stockholder of a corporation
seller - (answer)anyone who contracts with a purchaser or who is a motivating
influence that causes the purchase transaction to occur
Legl 2700 Roessing Test 4 vocab Questions &
Verified Answers | 100% Pass Rate Guaranteed |
Latest Updated Version
quasi-legislative - (answer)an agency can issue rules (regulations) that have the
impact of laws
quasi-judicial - (answer)agencies can make decisions like a court
cease and desist order - (answer)An administrative or judicial order prohibiting
a person or business firm from conducting activities that an agency or court has
deemed illegal.
consent order - (answer)A voluntary, court-enforceable agreement to stop an
illegal or questionable practice.
general counsel - (answer)important in many agencies
- require Senate approval
- made up of chief law officer and legal adviser
- represents the agency in court
-makes a decision to file suit or pursue other remedies
-significant impact on policies
- as powerful as commissioner and board
administrative law judges - (answer)perform the adjudicative fact-finding
functions
-have immunity
, 2
exhaustion of remedies - (answer)a doctrine requiring that a person attempt
all available options within an administrative agency before taking a claim to a
court
Primary Jurisdiction - (answer)a doctrine used by reviewing courts to
determine whether a case is properly before the courts or whether it should be
heard by an administrative agency first since such an agency might have
expertise superior to the courts'
security - (answer)investment in which the investor does not participate in the
management
Securities Act of 1933 - (answer)The first major federal law regulating the
securities industry. It requires firms issuing new stock in a public offering to file
a registration statement with the SEC.
Issuer - (answer)the individual or business organization offering a security for
sale to the public
underwriter - (answer)anyone who participates in the original distribution of
securities by selling securities from the issuer, or by guaranteeing sale
controlling person - (answer)one who controls or is controlled by the issuer,
such as a major stockholder of a corporation
seller - (answer)anyone who contracts with a purchaser or who is a motivating
influence that causes the purchase transaction to occur
