Some Local Governments Have Adopted an Approach to Economic Development

question 46

Multiple Choice

Some local governments have adopted an approach to economic development called linkaging, in which

• A)they use large-scale commercial development projects to accomplish social objectives.
• B)those who profit as developers must agree to share profits with the campaign war chest of local officials.
• C)local government and developers share in the cost of projects.
• D)local government treasuries share in the developers' profit.

Explain exceptions to the enforcement of oral contracts under the statute of frauds.

Understand the principles and limitations of the parol evidence rule.

Recognize situations that fall outside the statute of frauds concerning promises in consideration of marriage.

Assess the role of electronic agents in the formation of electronic contracts under E-Sign.

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Definitions:

Divorce

The legal dissolution of a marriage by a court or other competent body.

Diversity-of-Citizenship

A condition in civil law cases where the parties are citizens of different states or a party is a citizen of a foreign country, potentially giving federal courts jurisdiction.

Controversy

A dispute, often public, arising from differing opinions, beliefs, or interests.

Exclusive Jurisdiction

A legal term referring to the power of a court to adjudicate a case to the exclusion of all other courts.