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:

House of Representatives

The lower chamber of the United States Congress where members are elected to represent states proportionally to their population, responsible for creating and passing federal laws.

Tariffs

Taxes imposed on imported goods, typically used to protect domestic industries and regulate trade.

Calhoun

Refers to John C. Calhoun, an American statesman and political theorist from South Carolina, who served in various high positions including Vice President of the United States.

Adams

Refers to John Adams, the second President of the United States, and his son John Quincy Adams, the sixth President, both of whom played significant roles in American history.