[Solved] In which one of the following situations would Joe not be successful in his challenge of the decision of the board or tribunal? A) Joe operated an art gallery and had a showing of very controversial nude photos of children. He was prosecuted and fined under a municipal bylaw that made it a crime to show pornographic material anywhere in the municipality. B) Joe applied for a liquor licence for his night club. His application was denied on the grounds that he did not complete the application form and pay the prescribed application fee. C) Joe, a student, was refused a graduate research grant to study the Moslem religion by a government funding body because it was inappropriate, Joe being Jewish. D) Joe, a landlord, applied to the appropriate board for relief from certain restrictions under the residential tenancy act. His request was refused. To his surprise, at the beginning of the session, one of the board members declared that he was the father of one of his tenants. He did this so that the all parties would be aware of any bias he might have and not be affected by it. E) Joe was applying for a government student loan and was refused because he was not registered in a recognized program. The regulations set out what constituted a recognized program, but the statute creating the loans program was silent with respect to this restriction. Joe asked the loans officer about this and was told this regulation did not have to be specifically authorized by statute. FV: A financial term representing the future value of an investment, accounting for factors like interest rates and time. Quarterly Compounding: The process of calculating interest on both the initial principal and the accumulated interest over four periods within a year. Semi-Annually: Occurring twice a year; typically referring to the frequency at which interest is paid or calculated. Future Value: The amount of money an investment is expected to grow to over a period of time, assuming a specific interest rate.