Which statement about the Timber Buyers Licensing Act is true?

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Multiple Choice

Which statement about the Timber Buyers Licensing Act is true?

Licensing rules come from what the statute actually states. If the Timber Buyers Licensing Act does not require a license for timber buyers, then there is no licensing requirement under that Act. Consequently, timber buyers do not need to be licensed or bonded under this law. Any obligation such as licensing or bonding would only exist if the statute explicitly mandated it, which isn’t the case here. Other laws may govern steps like reporting, record-keeping, or penalties, but a license isn’t required by this act.

Licensing rules come from what the statute actually states. If the Timber Buyers Licensing Act does not require a license for timber buyers, then there is no licensing requirement under that Act. Consequently, timber buyers do not need to be licensed or bonded under this law. Any obligation such as licensing or bonding would only exist if the statute explicitly mandated it, which isn’t the case here. Other laws may govern steps like reporting, record-keeping, or penalties, but a license isn’t required by this act.

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