A Special Interest Group Has a Good Chance of Redistributing

question 33

Multiple Choice

A special interest group has a good chance of redistributing (transferring) income from others to itself if the

• A)costs of the transfer are spread over a very large number of people.
• B)costs of the transfer are spread over a very small number of people.
• C)costs of the transfer are spread over the same number of people that comprise the special interest group.
• D)the number of members in the special interest group is greater than 100.

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Definitions:

Lawful Purpose

A lawful purpose is an action, contract, or transaction that is not in violation of any legal statutes or regulations.

Quantum Meruit

Quantum meruit is a legal principle allowing a party to recover the reasonable value of services provided, even in the absence of a formal contract.

Promissory Estoppel

A legal doctrine preventing a person from going back on a promise, even if it was made without formal consideration, when others have relied on that promise to their detriment.

Quasi Contracts

Contracts imposed by courts to avoid unjust enrichment or unfair benefit, despite there being no formal agreement between the parties.