The US(Either Federal, State, or Local) Does Not Impose

question 79

Multiple Choice

The U.S.(either Federal, state, or local) does not impose:

• A)Franchise taxes.
• B)Severance taxes.
• C)Occupational fees.
• D)Export duties.
• E)Customs duties.

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Definitions:

Monetary Damages

Compensation awarded in the form of money to a person who has suffered loss or injury because of the act or omission of another.

Equitable Damages

Compensation awarded by courts for losses or harm that cannot be quantified by monetary standards alone, seeking to restore the injured party to their original position.

Executory Contracts

Agreements between parties that have yet to be fully performed or executed by one or more of the parties involved.

Conditional

Dependent on certain conditions or requirements being met before full effect or enforcement.