With Respect to Tax Misconduct, a ________________ Penalty Usually Involves

question 179

Short Answer

With respect to tax misconduct, a ________________ penalty usually involves only a fine, and a________________
penalty also can include jail time.

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Definitions:

Predominant Purpose Test

A legal test used to determine whether a contract is primarily for the sale of goods or the provision of services under the Uniform Commercial Code.

Unconscionable

In contract law, a contract that is grossly unfair or one-sided; one that “shocks the conscience of the court.”

Acceptance

In contract law, the act of agreeing to an offer, thereby creating a binding contract.

Quasi-contract

An obligation imposed by law in the absence of an agreement to prevent unjust enrichment.