Which of the Following Is NOT True

question 44

Multiple Choice

Which of the following is NOT true?

• A) Since the return of civilian governments, the judiciary has issued many rulings which have increased the authority of state governments vis-à-vis the central government, thus giving Nigerian federalism greater political legitimacy.
• B) Because Nigerian states are highly dependent upon the federal government for revenue, the country's federal system is skewed in favor of the central government.
• C) Civilian presidents have consistently built alliances with powerful state governors in order to centralize their control of party.
• D) Since the return of civilian government, Nigerian states have sought to gain greater control of resources.
• E) Because local governments are little more than patronage outposts of state governors, they often fail to provide even the most basic public services.

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Definitions:

Subordination Agreements

Legal documents that alter the priority of financial claims, making one party's claim rank behind another's in the event of a bankruptcy or liquidation.

Pro Rata

A Latin term that means "in proportion," often used to describe a method of allocating amounts or shares among participants according to their entitlement or contribution.

Chapter 11

A provision under the U.S. Bankruptcy Code that allows businesses to reorganize and restructure their debts while continuing operations.

Plan of Reorganization

A detailed proposal for restructuring a company's finances and operations, typically during bankruptcy proceedings.