Activities a Local Government Can Engage in Are Classified as Governmental

question 38

True/False

Activities a local government can engage in are classified as governmental, business-type, or fiduciary.

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Definitions:

Nondelegable Duty

A duty that the proprietor cannot delegate, or pass off, to another party.

Actual Warranty

A promise or guarantee provided by a seller regarding the condition and functionality of a product.

Implied Warranty

A warranty that is imposed by law rather than by statements, descriptions, or samples given by the seller.

C.P.A.

Stands for Certified Public Accountant, a designation given to someone who has passed the Uniform CPA Examination and met additional state education and experience requirements.