A Local City Council Enacts an Ordinance That Prohibits Aircraft

question 21

Essay

A local city council enacts an ordinance that prohibits aircraft from taking off before 7:00
A.M., disturbing the city's residents. An airline whose schedule is subject to federal regulation challenges this ordinance. Discuss the legal basis of this challenge and the likely outcome.
The principle of supremacy-the commerce clause in this case-allows federal regulations enacted under Constitutional authority to be superior to state law. The airline wins.

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Definitions:

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; commonly abbreviated as GAAP.

Financial Statements

Formal records that outline the financial activities and conditions of a business, including the balance sheet, income statement, and cash flow statement.

Accuracy in Accounting

The principle that ensures financial records and statements are free from errors or discrepancies and faithfully represent the financial performance and position of an entity.

Operating Activities

Business activities directly related to the production, sales, and delivery of a company's products and services, reflected in its cash flow.