Asked by Shelby Wilcox on Jun 25, 2024
Verified
The fact that statutes requiring a license only requires payment of a fee indicates that the purpose of the law is to:
A) raise money.
B) protect the public.
C) protect professions.
D) incentivize entrepreneurs.
License Requirement
The need to obtain official permission to engage in certain professions, activities, or to use specific titles.
Raise Money
The act of gathering funds from various sources for the purpose of financing a project, venture, or organization.
Protect the Public
Measures, laws, or actions taken to safeguard the welfare and safety of the general public, typically in the context of health, safety, and security.
- Differentiate between statutes governing regulation and those aimed at raising revenue, and understand their effects on licensing and the validity of contracts.
Verified Answer
AJ
Asriel JosephJun 28, 2024
Final Answer :
A
Explanation :
The fact that no requirement other than the payment of the fee is imposed indicates that the purpose of the law is to raise money rather than to protect the public.Because a revenue-raising statute is not designed for the protection of the public,a violation of the statute is not as threatening to the public interest as is a violation of a regulatory statute.
Learning Objectives
- Differentiate between statutes governing regulation and those aimed at raising revenue, and understand their effects on licensing and the validity of contracts.