Why Did the Role of Constable Fall into Disfavor in the American

question 91

Multiple Choice

Why did the role of constable fall into disfavor in the American colonies?

• A) The office was rife with corruption and abuse of power.
• B) Most constables were untrained and believed to be unqualified as law officials.
• C) The functions were already being performed by sheriffs and justices of the peace.
• D) The role of constable was too great a reminder of the heavy hand of government the colonists were attempting to avoid.

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Definitions:

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A phenomenon often seen in auctions where the winning bid exceeds the intrinsic value or true worth of an item, leading to a loss for the winner.

IPO Underpricing

The phenomenon where new shares of a company are sold to the public at a price lower than the market price after they start trading.

Underwriter

A financial specialist who evaluates the risks involved in a financial transaction, typically insurance or the issuing of new securities, and decides the terms under which the transaction can be offered.

Firm Commitment Underwriting

Underwriter buys the entire issue, assuming full financial responsibility for any unsold shares.