Iron Triangles Are

question 156

Multiple Choice

Iron triangles are

• A) alliances among a private interest group, a bureaucratic agency, and a congressional committee or subcommittee.
• B) arrangements among the Defense Department, an American embassy, and a foreign government.
• C) agreements among three or more states to share the costs of a project that impacts on all three states.
• D) negotiations involving the federal government, the states, and local governments.
• E) alliances between interest groups, legislators, and the president.

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Definitions:

Substantial Perform

This refers to a situation in contract law where a party has completed enough of their contractual obligations that they are considered to have fulfilled the contract, despite minor issues or incomplete details.

Right to Cure

The legal opportunity given to a defaulting party to correct or remedy their failure or breach within a specified time frame before further legal action is taken.

UCC

The Uniform Commercial Code encompasses a wide-ranging body of legal principles that control commercial transactions across the United States.

Installment Contract

An agreement where payment is made in parts over a period, typically for real estate or high-value items, until the total price is paid in full.