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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A company both runs an airport and operates an electricity distribution service for public use. It says the airport activity's noninclusion removes the distribution activity from the utility definition. Which is correct?

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A nonlisted activity immunizes every listed operation of the company. The qualifying distribution activity must be assessed under its listed category; the separate airport activity does not erase it. All mixed businesses are automatically unregulated. Only the activity earning the most profit can ever be assessed.

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