How is the general public protected from harassment by administrative agencies?
What will be an ideal response?
Congress enacted the Equal Access to Justice Act to protect persons from harassment by federal administrative agencies. Under this act, a private party who is the subject of an unjustified federal administrative agency action can sue to recover attorneys' fees and other costs. The courts have generally held that the agency's conduct must be extremely outrageous before an award will be made under the act. A number of states have similar statutes.
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What is the difference between Regulation S-K and Regulation S-X?
A. Regulation S-K establishes reporting requirements for companies in their initial issuance of securities whereas Regulation S-X is directed toward the subsequent issuance of securities. B. Regulation S-K establishes reporting requirements for companies smaller than a certain size whereas Regulation S-X is directed toward companies larger than that size. C. Regulation S-K establishes regulations for nonfinancial information filed with the SEC whereas Regulation S-X prescribes the form and content of financial statements included in SEC filings. D. Regulation S-K establishes reporting requirements for publicly held companies whereas Regulation S-X is directed toward private companies.
Travis recently purchased a callable bond. However, that bond cannot be currently redeemed by the issuer. Thus, the bond must currently be:
A. subject to a sinking fund provision. B. adebenture. C. a "fallen angel." D. callprotected. E. unrated.