The Attempt of Bureaucracies to Translate Laws into Specific Rules

question 73

Multiple Choice

The attempt of bureaucracies to translate laws into specific rules and actions is called:

• A) adjudication
• B) regulation
• C) deregulation
• D) implementation
• E) rule making

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Definitions:

Land Contract

A financing agreement for the purchase of real property, where the seller holds the title until the purchaser completes all installment payments.

Installment Contract

A contractual agreement where the buyer makes payments over time to the seller for the purchase of property, goods, or services.

Purchase Price

The amount of money paid to buy a good, service, or asset.

Foreclosure by Power of Sale

A method of foreclosure that allows a lender to sell the property without court supervision once a borrower defaults on mortgage payments.