Which of the Following Is True of Licensing

question 29

Multiple Choice

Which of the following is true of licensing?

• A) A regulatory license is imposed to ensure that practitioners register their address so they can be found if a disgruntled client wants to serve them legal papers for a lawsuit.
• B) A revenue license is intended to protect the public health, safety, and welfare.
• C) Failure to hold a revenue license does not bar recovery.
• D) A practitioner should demonstrate his abilities by an examination to get a revenue license.
• E) Some regulatory licenses require practitioners to demonstrate that they have insurance.

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Definitions:

Implied Contract

An agreement derived from the actions or circumstances of the parties involved, rather than explicit words.

Objective Theory Of Contracts

A theory under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. Objective facts might include what a party said when entering into the contract, how a party acted or appeared, and the circumstances surrounding the transaction.

Express Contract

A contract in which the terms of the agreement are fully and explicitly stated in words, oral or written.

Express Contract

A legally-binding agreement in which the terms are explicitly stated by the parties involved either orally or in writing.