Quiz 11: Capacity and Legality
Licensing Statutes Enacted to Protect the Public Are Called in Loco
Licensing statutes enacted to protect the public are called in loco parentis statutes.
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Generally,unlicensed persons cannot recover payments for services that a regulatory statute requires a licensed person to provide.
Licensing statutes enacted to raise money for the government are called extractive statutes.
A person who provides contract services without the appropriate license required by a revenue-raising statute cannot enforce the contract or recover payment for services rendered pursuant to the contract.
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