Which of the Following Is TRUE About the Landrum-Griffin Act

question 14

Multiple Choice

Which of the following is TRUE about the Landrum-Griffin Act?

• A) It requires employers to fund programs that provide income for qualified unemployed persons.
• B) It requires employers to let employees or their beneficiaries buy continued health insurance coverage after employment ends.
• C) It establishes the right of employees to form, join, and assist unions and the right to strike.
• D) It combats financial fraud within unions.
• E) It governs the establishment and operation of private pension programs.

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Definitions:

Subject to the mortgage

This phrase denotes that a property is encumbered by a mortgage, meaning any dealings with the property must take into account the mortgage's terms and conditions.

Unregistered Mortgage

An unregistered mortgage refers to a mortgage agreement that has not been formally recorded with a governmental registry or legal authority, potentially affecting its enforceability and priority against other claims.

Prevailing Interest Rates

are the current rates of interest which banks and other financial institutions charge on loans and pay on deposits.

Second Mortgages

A type of mortgage taken out on a property that is already mortgaged, generally used to access home equity.