Chapter 6 Outline

Chapter 6 Outline - Ch 6 Business law A. Nature of the...

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Ch 6 Business law A. Nature of the Administrative Agency An Administrative Agency is a government body charged with administering and implementing legislation. An example is the Federal Trade Commission (FTC) 1. Purpose of Administrative Federal Administrative agencies are created to carry out general policies specified by Congress. Federal agencies include the Securities Exchange Commission (SEC), the Consumer Product Safety Commission (CPSC), and the Food and drug Administration (FDA). The law governing these agencies is known as administrative law. There are also State administrative agencies. 2. Uniqueness of Administrative Agenices The federal government and state governments alike are divided into three branches: executive, legislative, and judicial. Offices here are filled by elected persons, but members of administrative agencies are ordinarily appointed (by someone such as the president). 3. Open Operation of Administrative
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This note was uploaded on 05/04/2008 for the course MJ 021 taught by Professor Finucane during the Fall '08 term at BC.

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Chapter 6 Outline - Ch 6 Business law A. Nature of the...

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