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Question Type

Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Labor Law and Social Legislation

A license holder executes a private agreement selling its recruitment business and purporting to assign its license to a newly formed corporation. The corporation will use a different address and appoint its own recruiting agents. The parties believe one notarized agreement resolves every regulatory issue. Which assessment is most accurate?

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The license cannot be assigned to the corporation, and address changes and agent appointments separately require prior DOLE approval No regulatory requirements apply because the sale is between private parties The agreement transfers the license if the corporation assumes all liabilities The agreement automatically transfers the license and approves the new address and agents

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