Distinguish between substantive rules and interpretive rules. What is a statement of policy?
What will be an ideal response?
A substantive rule is much like a statute that has the force of law, and covered persons and businesses must adhere to it. Violators may be held civilly or criminally liable, depending on the rule. All substantive rules are subject to judicial review. An interpretive rule interprets existing statutory language. Such rules do not establish new laws. Neither public notice nor public participation is required. A statement of policy announces a proposed course of action that an agency intends to follow in the future. Statements of policy do not have the force of law. Public notice and participation are not required.
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Both tangible and intangible resources. Hence, compared to its tangible resources , intangible resources are ————- and———- .
A) less visible, more difficult to copy. B) more visible, more difficult to copy. C) more visible, less difficult to copy. D) less visible, less difficult to copy.
A bank must pay monies due under a letter of credit even when its customer disputes
whether the specified event giving rise to payment has occurred. Indicate whether the statement is true or false