Which of the Following Could Be Considered an Example of "Corporate

question 55

Multiple Choice

Which of the following could be considered an example of "corporate welfare"?

• A)shifting AFDC to TANF
• B)providing homeowners relief from foreclosure
• C)bailing out banks during the recent economic crisis
• D)providing supplemental security income

---

Definitions:

Remote Event

An occurrence that has a very low probability of happening, often considered insignificant in decision-making processes due to its unlikely nature.

Condition Precedent

A clause in a contract that requires certain conditions to be met before the contract or parts of it becomes enforceable.

Condition Subsequent

A condition in a contract or agreement that, if it occurs, terminates the contract or agreement or changes the parties' obligations under it.

Incidental Damages

Collateral damages that result from a breach of contract, including all reasonable expenses that are incurred because of the breach; damages that compensate a person injured by a breach of contract for reasonable costs he incurs in an attempt to avoid further loss.