The Idea That the Desires of the People Should Be

question 81

True/False

The idea that the desires of the people should be replicated in government through the choices of elected officials is the idea of representation.

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Definitions:

Prior Claim

A legal right or financial obligation that takes precedence over others, typically in the context of creditors in bankruptcy proceedings.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, not necessarily reflecting its market value.

Legal Capital

Minimum amount of capital that a corporation must leave in the company (cannot be withdrawn by stockholders) for the protection of the creditors.