Contracts with Unlicensed Persons Are Enforceable by the Unlicensed Person

question 76

True/False

Contracts with unlicensed persons are enforceable by the unlicensed person if the purpose of the licensing statute is to simply raise revenue rather than to protect the public from unqualified practitioners.​

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Definitions:

Available Technology

The current state of technological advances and machinery available to businesses for production purposes.

Opportunity Cost

The cost of the next best alternative foregone when making a decision.

Production Possibilities Frontier

A graph that shows the combinations of two goods that an economy can produce using all available resources and technology efficiently.