What is "fraud in the execution?"
What will be an ideal response?
Fraud in the execution involves misstatements about the content or legal effect of something usually contained in a form or preprinted contract. People who relied on the misstatement rather than reading the document for themselves were seen as not having justifiably relied and thus usually could not claim fraud. Although this rule is still true, if the signer was in some way prevented or discouraged from reading the contract, or if a special relationship involving trust and confidence existed between the parties, and this led to the person's not understanding the nature of the document she was signing, fraud in the execution resulted. This type of fraud generally prevents a contract from being created.
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Which one of the following statements is true?
a. The audit committee provides contact between the board of directors and the key officers of the company. b. The audit committee has become less involved in the financial accounting system as a result of the Foreign Corrupt Practices Act. c. The audit committee is a board of directors subset that acts as a direct contact between the stockholders and the independent accounting firm. d. The board of directors consists of the company's external auditors.
A(n) ________ is a business firm operating branches, subsidiaries, or joint ventures in two or more states
A. multinational enterprise B. economic consultative association C. for-profit NGO D. intergovernmental organization
________ typically provide the most honest, and most crucial and useful, feedback about the performance of a team.
A. Gatekeepers B. External customers C. Category captains D. Task specialists E. Team leaders
How is the contribution margin ratio calculated?
What will be an ideal response