A Contract with an Licensed Professional Is Never Enforceable

question 43

True/False

A contract with an licensed professional is never enforceable.

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Definitions:

Tradable Pollution Permits

A regulatory system that allows companies to buy or sell allowances for a specific amount of pollution, encouraging reduction in overall emissions.

Free Market

An economic system in which prices are determined by unrestricted competition between privately owned businesses.

Final Allocation

The ultimate distribution of goods, services, or resources among different parties or locations.

Corrective Tax

A tax designed to encourage or discourage certain behaviors or activities by including the cost of externalities, aimed at correcting market outcomes to reflect social costs or benefits.