To prove fraud, which of the following elements must be shown?
A) The innocent party knew the wrongdoer.
B) The innocent party was the one who detected fraud.
C) The wrongdoer assumed a false identity.
D) The wrongdoer intended to deceive the innocent party.
D
You might also like to view...
Under a defined contribution pension plan, retirement benefits are based entirely on the annual contribution to the fund plus earnings thereon
Indicate whether the statement is true or false
Savings for You, a discount retail chain, is highly competitive. When entering a new market, Savings for You often cuts prices so deeply that it sells below costs, effectively pushing smaller companies with less purchasing power out of the market
Savings for You is most at risk of being accused of ________. A) skimming prices B) price-fixing C) predatory pricing D) deceptive pricing E) loss leader pricing
Companies usually report their retained earnings restrictions on the balance sheet
Indicate whether the statement is true or false
Which of the following is NOT true regarding methods of perfection?
a. A security interest in a deposit account may be perfected only by taking control of the collateral. b. A security interest in a letter-of-credit right may be perfected only by taking control of the collateral. c. A security interest in money may be perfected either through possession or through filing a financing statement. d. For a limited period, a purchase-money security interest in consumer goods is automatically perfected.