When a City Received a Private Donation of $1,000,000 Stipulating

question 20

Multiple Choice

When a city received a private donation of $1,000,000 stipulating that the principal donation would be preserved but allowing the interest income to be spent on building a city park with access for disabled children, which fund should the money be recorded in?

• A) the General Fund.
• B) an Expendable Trust Fund.
• C) a Permanent Fund.
• D) an Agency Fund.
• E) a Special Revenue Fund.

Understand the environments where paralegals can be employed.

Know the compensation range for experienced paralegals.

Distinguish between the terms paralegal, legal assistant, and other related titles.

Recognize professional organizations associated with paralegals and their concerns.

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Definitions:

Oral Agreement

A verbal contract between parties where terms are agreed upon through spoken communication rather than in writing.

UCC

The Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.

Missing Price

A situation where the cost or value of an item is not listed or known.

UCC

A wide-ranging collection of statutes, the Uniform Commercial Code, regulates commercial activities across the United States.