Describe the rule making process followed by federal administrative agencies
?After investigating a problem, an agency will develop a proposed rule. A federal agency must publish a notice of the proposed rule in the Federal Register, which allows interested parties the opportunity to comment on the proposed rule. An agency may hold formal hearings on the proposed rule, but informal notice and comment rule making has become increasingly common. After allowing time for comments from the public, the proposed rule may be published as proposed, changed or entirely abandoned by the agency.
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The fundamental idea behind _____ is that corporations have duties that go beyond lawful execution of their economic function.
Fill in the blank(s) with the appropriate word(s).
Lance writes Martin a check drawn on Lincoln Bank. Martin presents the check for payment at Lincoln Bank in a timely and proper manner. Lincoln refuses to pay. As a legal matter:
a. Martin has become secondarily liable on the check. b. Martin has dishonored the check. c. Lincoln has warranted the check. d. Lincoln has dishonored the check.