"Intent to Convert" Does Not Include an Investment Used as a Resource

question 159

True/False

"Intent to convert" does not include an investment used as a resource that will be used whenever the need for cash arises.

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Definitions:

Fiduciary Responsibility

The obligation to act in the best interest of another party, such as a trustee's duty towards beneficiaries or a director's duty to company shareholders.

Landrum-Griffin Act

A 1959 United States law aiming to regulate labor unions' internal affairs and their officials' relationships with employers.

Department Of Labor

A cabinet-level department of the U.S. government responsible for occupational safety, wage standards, unemployment insurance benefits, re-employment services, and some economic statistics.

Voluntary Mediation

A process where conflicting parties choose to engage a neutral third party to help them reach a mutually satisfactory agreement without litigation.