If a Statute Is Drafted in a Manner That Is

question 45

True/False

If a statute is drafted in a manner that is ambiguous with respect to the type of agency rule making required,a court will interpret the rule as requiring formal rule making.

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Definitions:

Credit Union

A member-owned financial cooperative that provides traditional banking services.

Simple Interest

Interest calculated only on the principal amount, or the original sum of money borrowed or invested, without considering the effect of compounding over time.

Obligations

Duties or commitments that require an individual or organization to act in a certain manner, often legally binding.

Equivalent Replacement

The act or process of replacing an asset with another that performs the same function or yields the same output.