Which of the Following Is NOT Part of an Administrative

question 26

Multiple Choice

Which of the following is NOT part of an administrative process?

• A)The sale of stock
• B)The sale of bonds
• C)The write-off of bad debts
• D)The purchase of marketable securities

---

Definitions:

Exemption Clause

A contractual term that limits one party's liability for breach of contract, negligence, or other unforeseen circumstances.

Extra Consideration

An additional benefit or payment required to finalize an agreement or contract, beyond the initially agreed terms.

Contract Discharge

The conclusion of a contractual obligation, either through completion of the contract terms, mutual agreement, or other legal methods.

Novation

The process of substituting a new contract or obligation for an old one, requiring the agreement of all parties involved.