Discuss the History and Development of Juvenile Justice

question 18

Essay

Discuss the history and development of juvenile justice. Include a discussion of the child savers and their vision of juvenile justice.

Understand the concept and application of liens as security interests.

Analyze the conditions under which a contractual party can exercise rights of subrogation, reimbursement, contribution, and exoneration.

Identify legal protections available to parties involved in credit transactions and security agreements.

Recognize the effect of minor status on contract obligations and liabilities.

---

Definitions:

Potential Output

The maximum amount of goods and services an economy can produce when it is fully employed, without causing inflation.

Structural Unemployment

The occurrence of unemployment because of modifications in the industrial sector, typically induced by technological evolution, as opposed to alterations in the supply or demand of the market.

Aggregate Supply Curve

A graphical representation that shows the relationship between the overall price level in an economy and the total production of goods and services by that economy.

Actual Price Level

The current average of all prices of goods and services in an economy, as measured at a particular point in time.