One of the More Controversial (And Currently Sharply Curtailed) Powers

question 4

Multiple Choice

One of the more controversial (and currently sharply curtailed) powers of the president is the power of impoundment, whereby

• A) the president can not only veto a bill, but also prevent it from being reconsidered by Congress.
• B) the president can seize the property of private citizens without due process in times of emergency.
• C) the president can withhold funds from Congress.
• D) the president can summarily dismiss congressional members suspected of wrongdoing.
• E) the president can cancel national elections in the event of insurrection or invasion.

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Definitions:

Personal Property Security Act

Legislation that outlines the rules for creating and enforcing security interests in personal property, offering a way for creditors to secure repayment of debt.

Attachment

A legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.

Perfection

Protection of a secured creditor’s claim, either by registering the secured obligation or by taking possession of the collateral.

Security

Collateral or asset pledged to guarantee the repayment of a loan or fulfillment of a contractual obligation.