Taxation, 2012 Bar — Question 61

MULTIPLE CHOICE

Which statement is correct? a) Legislative acts passed by the municipal council in the exercise of its lawmaking authority are denominated as resolutions and ordinances; b) Legislative acts passed by the municipal council in the exercise of its lawmaking authority are denominated as resolutions; c) Legislative acts passed by the municipal council in the exercise of its lawmaking authority are denominated as ordinances; d) Both ordinances and resolutions are solemn and formal acts.

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