Where There Has Been Informal Rulemaking or Informal Adjudication by an Administrative

question 51

Multiple Choice

Where there has been informal rulemaking or informal adjudication by an administrative agency and the decision by that agency is then appealed to the courts, the court will generally apply what standard in reviewing factual determinations?

• A) The unwarranted by the facts standard.
• B) The substantial evidence standard.
• C) The arbitrary and capricious standard.
• D) The beyond a reasonable doubt standard.

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Definitions:

Selling Assets

The process of liquidating company assets for cash or other considerations, often done to meet financial obligations or as part of a strategic business restructuring.

Paying Creditors

The process of settling debts owed by an individual or entity to its lenders or claimants.

Power To Dissociate

The legal ability of a partner in a partnership to unilaterally sever their association with the partnership under specific conditions.

Expressing Intent

The act of communicating one's purpose or goals clearly, especially in the context of contracts or legal agreements, to ensure mutual understanding and agreement.