The 1974 Campaign Expense Law Placed New Limits on the Contributions

question 99

True/False

The 1974 campaign expense law placed new limits on the contributions and spending that could be made by candidates and party committees, and strengthened disclosure laws.

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Definitions:

Consideration

The value (which can be a promise, an act, or an object) exchanged between parties in a contract.

Voluntary Transfer

The act of willingly transferring ownership or interest in an asset from one party to another without coercion.

Conveyance

The act of transferring ownership of property from one party to another, often involving real estate.

Gift

A voluntary transfer of property for which the donor receives no consideration in return.