If the State of Oregon creates an administrative agency to regulate environmental issues within the state, which of the following is true?

A It is void because the federal EPA (Environmental Protection Agency) regulates environmental issues at the national level.

B It must clear all state regulations it implements with the EPA before they go into legal effect because federal law is more powerful than state law.

C It is acceptable for the state to have agencies that regulate environmental issues within the state even though the EPA also regulates environmental issues at the federal level.

D The governor and president must both "sign off" or ratify the creation of such an agency to comply with the US Constitution's reservation of the state's rights clause.

QUESTION 2

Bob agrees to purchase Sam's house for $300,000. Bob places a deposit down on the house and agrees to apply for a mortgage and, if the mortgage is approved, close on the transaction wtihin 30 days of signing the contract. The contract is which of the following:

A Executory
B Unilateral
C Voidable only if the bank approves the loan
D Both 1 & 3