The Fourteenth Amendment Restricts the Power of States to Tax

question 83

True/False

The Fourteenth Amendment restricts the power of states to tax.

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Definitions:

Insolvent

Refers to a financial state where an entity or individual is unable to pay debts as they become due.

Replacement Goods

Products that are provided to a consumer to replace defective or unsatisfactory goods initially purchased.

Liquidation

The process of closing a business and distributing its assets to claimants, often during bankruptcy.

Limitation of Damages

Legal provisions or contract terms that restrict the amount of compensation for breach of contract or injury.