When a Government Defaults on Its Obligations, the Event Is

question 71

Multiple Choice

When a government defaults on its obligations, the event is called a

• A) sovereign default.
• B) magisterial default.
• C) private default.
• D) sudden stop default.
• E) national default.

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Definitions:

Privative Clauses

Provisions in law that limit the ability of a court to review decisions made by administrative bodies, aiming to reduce judicial interference.

Fair Hearing

A judicial or administrative procedure that ensures an individual's rights are respected by giving them a chance to present their case and to hear and respond to any evidence against them.

Administrator Decision

A ruling or determination made by an administrator or administrative body in the context of administrative law.

Litigation

The process of taking legal action in court to resolve disputes between parties.