Which of the Following Statements Is TRUE

question 46

Multiple Choice

Which of the following statements is TRUE?

• A) The federal government has power to legislate in relation to transactions in real property.
• B) The federal government has power to legislate in relation to property and civil rights.
• C) The provincial governments have power to legislate in relation to coinage and currency.
• D) The provincial governments have power to legislate in relation to international trade.
• E) The federal government has power to legislate in relation to trade and commerce.

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Definitions:

Caveat Emptor

A Latin phrase meaning "let the buyer beware," implying that the responsibility for due diligence before a purchase lies with the buyer.

Regulations

Rules or directives made and maintained by authorities that govern behaviors or activities.

Minimal Education

Refers to the lowest level of formal education or training necessary for a particular job or position.

Antitrust Laws

Legislation that prohibits firms from combining in a way that would stifle competition within that industry.