During the Current Year, the United States Files Criminal and Civil

question 478

Multiple Choice

During the current year, the United States files criminal and civil actions against Joe, the CEO of Box Corporation, and Jane, the president of Cable Corporation, for price fixing. Both enter pleas of no contest and appropriate judgments are entered. Subsequent to this action, Square Corporation sues both Box and Cable for treble damages of $6,000,000. In settlement, Box and Cable each pay Square $1,200,000. What is the maximum amount that Box and Cable may each deduct?

• A) $6,000,000
• B) $2,000,000
• C) $400,000
• D) $1,200,000

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Definitions:

Erector Spinae

A group of muscles running vertically along the spine that extend the back and help maintain posture.

Transverse Abdominus

A major muscle in the abdominal wall that helps stabilize the trunk and maintain internal abdominal pressure.

Internal Oblique

A muscle layer in the abdomen that helps in trunk rotation and bending the body sideways.

External Oblique

A muscle in the abdomen that helps rotate the trunk and flex the vertebral column.