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question 114

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In Consolidated Edison Co. v. Public Service Comm., the New York utility commission ruled that the electric company could not send its customers information in support of nuclear power. The Supreme Court held the commission was:


Definitions:

Obligations

Duties or responsibilities imposed by law, contract, or social norms.

Dissolved

The process of legally ending the existence of an entity such as a corporation.

Liability Of Partners

The legal responsibility of each partner in a partnership for the debts and obligations of the business, which can be joint or several depending on the jurisdiction and partnership agreement.

Partnership Arrangement

A business structure in which two or more individuals manage and operate a business in accordance with terms and conditions set out in a partnership agreement.

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