Explain the major ways that Leeson funded his margin calls
What will be an ideal response?
Leeson began funding his losses in the 88888 Account by diverting BFS' commissions and using client deposits. As the margin payments grew larger, he gained the needed funds by generating commission income from deals offered at non-market prices, using the financial resources of Barings as his cash cow, booking fictitious trades and falsifying records, and finally, selling options.
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Which of the following are defenses to patent-infringement claims?
a. Noninfringement, invalidity of the patent, misuse of the patent, and innocent infringement b. Noninfringement, invalidity of the patent, fair use, and innocent infringement c. Noninfringement, fair use, misuse of the patent, and innocent infringement d. Fair use, misuse of the patent, innocent infringement, and illegality of the patent
Answer the following statement(s) true (T) or false (F)
1. As a general rule, Model Rule 1.7 prohibits a lawyer from representing one client if that representation will be directly adverse to another of the lawyer’s clients. 2. Even if there is a conflict of interest for the lawyer, the lawyer can proceed if the lawyer believes that the lawyer will be able to provide competent and diligent representation to each affected client and each client gives written, informed consent. 3. The changes to the Ethics 2000 version of Model Rule 1.7 are not that significant. 4. As long as the client consents to the representation, the lawyer may proceed, despite the conflict of interest. 5. A lawyer cannot represent the plaintiff and the defendant in the same suit, even if they both give their consent.
Elyse wants to calculate her return on equity but has forgotten the formula. You tell her that return on equity equals
A. net income divided by owners equity. B. owners equity divided by net income. C. total assets divided by owners equity. D. owners equity divided by total assets.
A(n) ______________________________ is the attribute whose value is unique for every entity that will appear in the database.
Fill in the blank(s) with the appropriate word(s).