Define Coercion Misrepresentation and Fraud with proper example.
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A: Liability insurance policies are purchased in case the person gets involved in malpractice or…
Q: Samla thereafter sued Jack to enforce his promise, with a view to get the promised $10,000. Jack…
A: Witness can't make a demand, but one may make a voluntary payment.
Q: Identify, list and explain the factors that could constitute risk
A: Today, risk is the most important component in selling. Due to constant change and rapid…
Q: Criminal liability requires both a bad act (actus reus) and a guilty mind (mens rea). Group…
A: Criminal liability has four essential elements - There must exist an actus reus ( a bad act ).…
Q: Cyber Scam. Kayla, a student at Learnwell University, owes $20,000 in unpaid tuition. If Kayla does…
A: In the given scenario, Kayla adopted an unethical approach in order to get the required funds for…
Q: Established deterrent measures to avoid management liability in frauds
A: There are various organizations and industries that are working these days. There are products and…
Q: Did Jim's conduct constitute fraud? Explain your answer. What is the difference between fraud and…
A: Did Jim's conduct constitute fraud? Explain your answer. In my opinion, Jim's conduct with his…
Q: Discuss the Consumer’s Rights as given by President Kennedy
A: In 1962, President John F. Kennedy presented a speech to the United States Congress in which he…
Q: Define fraud and recognize its consequences
A: FRAUD: Fraud refers to an intentionally false representation and confidentiality of facts and…
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A: Large retailers frequently collaborate with manufacturers; these deals typically call for two or…
Q: Identify the significant features of white-collar crimes, corporate crimes, and the Racketeer…
A: Business or financial crimes such as corporate frauds, extortion, money laundering, and bankruptcy…
Q: What are the general characteristics of torts and principles of tort law? Explain the tort of…
A: A tort is an omission that results in injury to another party with liability imposition by the court…
Q: Prospective Enterprises (PE) employs Quinn to buy property for a possible comAmercial development.…
A: The following term- The duty of notification - this is similar to duty of disclosure before…
Q: Identify three business activities that would constitute bribery and three actions that would not.
A: Bribery increases wealth inequality and supports corrupt regimes.
Q: Basic personal exemption is allowed on account of the personal civil status of the taxpayer. _____…
A: Basic Personal exemption is allowed on account of the personal civil status of the taxpayer. ____…
Q: Jacqueline was the bookkeeper for Vop, Inc. To pay a gambling debt, Jacqueline took $5,000 in cash…
A: A burden of Proof can be defined as any fact using which the party which seeks to prove the the…
Q: [Elanor] Elanor told her good friend Jenny about a brand new state-of-the-art sewing machine, the…
A: Since Elanor and Jenny are mentioned as good friends, we could assume that the information sharing…
Q: A broker is an employee of the principal. * True False
A: Answer is FALSE An employee is not an broker unless the principal authorizes him or her to enter…
Q: Under the Australian Consumer Law (ACL), what is misleading and deceptive conduct and how does it…
A: Under Australian consumer law, misleading and deceptive conduct refers to any action or intent that…
Q: Please explain when and how criminal liability is imposed.
A: Crime is an illegal act that will harm the individual or society as a whole and can be punished by…
Q: Explain the fourfold test for employment. Why did the courts find it necessary to establish this…
A: Employee Screening Employee screening is the process in the hiring process or recruitment of an…
Q: Individuals who commit fraud are ordinarily able to rationalize the act and also have an:…
A: An auditor is needed to analyze the fiscal reports of the organization being examined, and give an…
Q: Deborah McCullough bought a new car from Bill Swad Chrysler, Inc. The car was protected by both a…
A: Case: M has brought a new car from B. The car has both a limited as well as an extended warranty. M…
Q: CEO was convinced by his employee, M. Ploy, that a coworker, A. Cused, had been stealing money from…
A: Mr. M had convinced the chief executive officer about the money stolen by Ms. A from the company. In…
Q: provide physical risks of lazada and explain it
A: E-commerce/online businesses have become popular throughout world including Thailand. Lazada being…
Q: Federal officers obtained a warrant to arrest Kateena Norman on charges of credit-card fraud and…
A: Yes during this case it might be reasonable to admit the findings as evidence.
Q: What is the Doctrine of Piercing the Veil of Corporate Entitiy
A: Piercing the Veil of Corporate Entity: It is the legal jargon used to describe an action pursued…
Q: Any person who violates the use of information technology tools in the commission of informational…
A: Forgery and Information fraud
Q: Define fraud and its consequences
A: An unethical practice under which the individual tries to deceive the other party by providing…
Q: Describe the fraud triangle andidentify conditions for fraud.
A: The Fraud triangle is a system intended to clarify the thinking behind a worker’s choice to commit…
Q: Identify and discuss U.S. federal laws that govern insider trading
A: Insider trading alludes to the exchanging of stocks or protections by individuals who approach data…
Q: - Which of the following bear only the obligations of being a trader? A) Government official who has…
A: there are certain obligations w2hich are to be associated with it such as they should be dealing…
Q: When it comes to businesses and crime, define the parties to a crime and their responsibilities
A: 1. Introduction: It isn't in every case simply the individual that does the Actus Reus of the…
Q: In partnership with American Express, Porter Cable requests that all employees at the rank of…
A: Yes, Porters cable will be liable. This is because they entered into a contract with American…
Q: explain in detail the penalty for failure to furnish a return or statement (section 182) and penalty…
A: Income tax return is a form which a person is supposed to submit to the income tax department of the…
Q: Define the term infringe.
A: Infringement is a term that is related to intellectual properties and specifically, patents. •…
Q: What is the purpose of the AICPA Code of Professional Conductrestriction on commissions as stated in…
A: AICPA stands for American institute of certified public accountant.
Q: Jasmin was hesitant to commit fraud because it is against her values and beliefs, this applies which
A: ETHICS: This refers to the moral principles, norms, values, and beliefs that govern the conduct of a…
Q: What Is the different between signed and unslgned conditlonal jump Instructlons.
A: The contrast among signed and unsigned possibly becomes an integral factor when you work on…
Q: A statute requiring railroads to fence their tracks is construed as intended solely to prevent…
A: Private party agreements creating mutual obligations and specifying the necessities for such…
Q: When convicted corporateoffenders who commit acts that harm many people are sentenced, juries…
A: The human resource management team takes care of selecting and hiring employees in the organization.…
Q: Kate owned a small grocery store. One day John went to the store and purchased a can of chip dip…
A: Kate is liable in this situation. When a seller is a merchant who deals in goods of the kind sold or…
Q: Federal officers obtained a warrant to arrest Kateena Norman on charges of credit-card fraud and…
A: Cyber crimes Cyber crime basically refers to the crime concerning which pc is employed as an object…
Q: To win a suit for negligence, injured person must show all but one: Select one: O a. The company s…
A: * Option C , The company acted with total care and respect to the harm that could result.
Define Coercion Misrepresentation and Fraud with proper example.
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- Subject: Business Law and Regulations Topic: Nonstock corporation ABC Foundation engaged in providing feeding programs to homeless children and giving of food packages to victims of calamities using the funds of the foundation for this purpose. Mr. X, who is a member of the foundation is in a quandary as to whether or not the practice of the foundation in using its funds for the mentioned purposes is valid. He is quite fearful that with recent surge in calamities, it might deplete the resources of the foundation, and therefore, affect his own interest having made a contribution therein. He intends to question this practice of the foundation. Is his intention meritorious?Explain the misrepresentation law and explain how a person can use fraudulentcy to sue another party.What is the purpose of the AICPA Code of Professional Conductrestriction on commissions as stated in Rule 503?
- As a student, how do you explain it? Section 6. (a) Any creditor who in connection with any credit transaction fails to disclose to any person any information in violation of this Act or any regulation issued thereunder shall be liable to such person in the amount of P100 or in an amount equal to twice the finance charged required by such creditor in connection with such transaction, whichever is the greater, except that such liability shall not exceed P2,000 on any credit transaction. Action to recover such penalty may be brought by such person within one year from the date of the occurrence of the violation, in any court of competent jurisdiction. In any action under this subsection in which any person is entitled to a recovery, the creditor shall be liable for reasonable attorney's fees and court costs as determined by the court. (b) Except as specified in subsection (a) of this section, nothing contained in this Act or any regulation contained in this Act or any regulation…Define fraud and its consequencesBrandt Crossing Investments, Inc., was a family-owned property investment organization, investing in undeveloped properties when prices were low and then selling them when prices went up. Among its holdings, Brandt Crossing owned fifty acres of undeveloped land next to another fifty acres of undeveloped land owned by Khloe Hadid. Carter Rios, property manager for Brandt Crossing, approached Hadid and offered to purchase her fifty acres “for Brandt.” Hadid sold the property for $50,000. Within one year, Brandt Crossing sold its 100 acres, including the property bought from Hadid, to a developer for $1,000,000. Richard Brandt, a 5% owner of Brandt Crossing Investments and an old high school acquaintance of Hadid, saw her at the mall and told her of the recent sale. Furious that she had lost out on the income and convinced that Rios had misled her, Hadid sued Richard Brandt for the acts of his agent, Rios. Hadid argued that the facts were sufficient to create an agency by estoppel…
- Discuss how a misrepresentation - be it innocent, negligent or fraudulent - is treated under tort law vs. contract law.Russell R. Wasendorf, Sr., age 64, from Cedar Falls, Iowa, who stole more than $215,000,000 in customer funds from his commodity futures business, was sentenced today to 50 years in federal prison. Wasendorf received the prison term after a September 17, 2012 guilty plea to one count each of: mail fraud embezzlement of customer funds by a person registered under the Commodity Exchange Act making false statements to the Commodity Futures Trading Commission making false statements to a futures association registered under the Commodity Exchange Act Wasendorf was the owner and former chief executive officer of the now-bankrupt Peregrine Financial Group Inc. (PFG), a futures commission merchant headquartered in Cedar Falls, Iowa. In a plea agreement, Wasendorf admitted that, from about the early 1990s through about July of 2012, he stole millions of dollars from PFG’s customers. Wasendorf admitted he stole the funds, at least in part, by withdrawing money secretly from a customer…Individuals who commit fraud are ordinarily able to rationalize the act and also have an: Incentive and opportunity, Just incentive not opportunity, Not incentive but with opportunity, Neither one