The Main Features of the Local Banking Industry Over the Two

question 17

Multiple Choice

The main features of the local banking industry over the two decades to 2010 have been an increase in concentration.This has occurred due to mergers and acquisitions motivated by the desire to:

• A)be competitive in global markets
• B)protect against takeover by foreign competitors
• C)increase efficiency in terms of economies of scale and scope
• D)All of the listed options are correct.

Understand the concept of third-party beneficiaries and their classifications.

Comprehend the principles of contract delegation and conditions under which delegation is not permitted.

Identify and explain the roles and rights of parties within assigned and delegated contracts.

Analyze legal concepts surrounding the enforceability of noncompete agreements and their assignment.

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Definitions:

Articles of Confederation

The first written constitution of the United States, which was in effect from 1781 until it was replaced by the U.S. Constitution in 1789.

National System

A structured set of guidelines, principles, or regulations designed to govern an entire nation.

Bicameral Legislature

A two-chamber system of government in which the legislature is divided into two distinct entities, often a lower house and an upper house.

Virginia Plan

The Virginia Plan was a proposal by Virginia delegates for a bicameral legislative branch during the Constitutional Convention in 1787, emphasizing representation based on state population.