The Failure to Obtain a License Required by a Statute

question 26

True/False

The failure to obtain a license required by a statute whose sole purpose is to raise revenue does not affect the legality of unlicensed persons' agreements.

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Definitions:

Pie Chart

A pie chart is a circular statistical graphic divided into slices to illustrate numerical proportion. Each slice represents a category's contribution to the whole.

Observations

Individual instances or data points collected during a study or experiment.

Sample Size

The number of observations or units included in a sample, which can influence the accuracy of statistical estimates.

Vertical Axis

The perpendicular line on a graph or chart that usually represents the range of values for a dependent variable.