The Principle That Holds That the Powers of Government Should

question 52

Multiple Choice

The principle that holds that the powers of government should be limited and embodied in a basic written law is referred to as

• A)liberty.
• B)the social contract.
• C)majority rule.
• D)constitutionalism.
• E)equality.

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Definitions:

Best Efforts

A clause requiring a party to make the maximum effort to achieve a task, without guaranteeing success.

Underwriting

The process by which insurers evaluate the risks associated with insuring a particular person or asset and decide the premium to charge.

Issuer

An entity that issues and is responsible for the financial instruments like stocks or bonds.

Tombstone Ad

An advertisement, typically in the print media, announcing a public offering of securities, with minimal detail.