SERIES-63 practice question 7 of 35

If a person has had its license revoked by the Administrator of the state and has appealed the decision to a court of law, that person

Full set: 251 questions

Answer options

A: can continue business as usual pending the resolution of the appeal.

B: must notify the Administrator of the state that it has appealed the decision.

C: is considered to have a revoked license until the courts rule otherwise.

D: Both B and C are true statements. Correct answer

Correct Answer:

D. Both B and C are true statements.

Explanation

If a person has had its license revoked by the Administrator of the state and has appealed the decision to a court of law, that person must notify the Administrator of the state that it has appealed the decision, but that person is considered to have a revoked license until the courts rule otherwise and may not continue “business as usual.”

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