Author Question: The powers of a debtor in possession are balanced by: a. the underwriter in charge b. the ... (Read 58 times)

Ebrown · **on:** Jun 24, 2018

The powers of a debtor in possession are balanced by:
a. the underwriter in charge b. the creditor's committee c. the lienor's committee
d. the party of rights
e. the grievance committee

Question 2

Congress creates the Federal Authority on Homelessness (FAH) and gave it broad powers to issue regulations, conduct searches, investigate areas where homelessness is a particular problem, and bring actions against those who discriminate against the homeless, or fail to follow FAH regulations. In March 2009, FAH issued a rule that businesses with 15 or more employees cannot discriminate against the homeless in employment. The regulation states that businesses must take steps to recruit homeless people as employees and must provide homeless employees with adequate shelter. No public hearings are held and the final rule was published in the Federal Register in June, 2009. In October, 2009 FAH inspectors arrive at Elroy's Tackle Shop in Eureka, California. Elroy employs 18 people, including clerks, cashiers, and fishing guides. The inspectors ask Elroy what steps he has taken to hire a homeless person. He tells the inspectors that he has taken no steps, they fine him 5000 and inform him that he had better take such steps soon. Elroy did not know FAH existed or that he had a duty to try to hire homeless people. He calls his attorney, Maia, and asks her what to do. She suggests that he file a complaint stating that FAH failed to follow proper procedures when it issued the rule. When FAH promulgates its rule regarding the employment of homeless persons, what type of rule is the agency issuing?
a. a procedural rule
b. a substantive or legislative rule c. a declaratory rule
d. an interpretative rule e. a normative rule