Which of the Following Bank Transfers Appears to Be an Example

question 37

Short Answer

Which of the following bank transfers appears to be an example of kiting aimed at concealing a cash shortage? $\quad$$\text { Date of }$$\quad$$\quad$$\quad\quad$$\text {Date of}$
$\quad$$\text { Disbursement }$$\quad$$\quad$$\quad$$\text {Receipt }$
$\begin{array}{lll}\text { Books } & \text { Books }& \text { Books }& \text { Books }\end{array}$
A) $\begin{array}{llll}12 / 28 &1 / 03 &\quad12 / 28 & 12 / 28\end{array}$
B) $\begin{array}{llll}1 / 03 & 1 / 05 & \quad\quad1 / 03 & 1 / 03\end{array}$
C) $\begin{array}{llll}12 / 30 & 1 / 03 &\quad 12 / 30 & 12 / 30\end{array}$
D) $\begin{array}{llll}1 / 02 & 1 / 04 &\quad 12 / 30 & 12 / 30\end{array}$
E) $\begin{array}{llll}1 / 03 & 1 / 05 &\quad 1 / 03 & 12 / 31\end{array}$

• A)\(\begin{array}{llll}
• 12 / 28 &1 / 03 &\quad12 / 28 & 12 / 28
• \end{array}\)
• B)\(\begin{array}{llll}
• 1 / 03 & 1 / 05 & \quad\quad1 / 03 & 1 / 03
• \end{array}\)
• C)\(\begin{array}{llll}12 / 30 & 1 / 03 &\quad 12 / 30 & 12 / 30\end{array}\)
• D)\(\begin{array}{llll}
• 1 / 02 & 1 / 04 &\quad 12 / 30 & 12 / 30
• \end{array}\)
• E)\(\begin{array}{llll}
• 1 / 03 & 1 / 05 &\quad 1 / 03 & 12 / 31
• \end{array}\)

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Definitions:

Abnormally Dangerous Activity

Activities that inherently carry a significant risk of harm to others or property, where the activity is not common usage and the risk cannot be entirely eliminated.

Contractual Liability

The legal obligations that parties have under a contract, including the consequences of breach.

Principal

The main party to a transaction, acting on their own behalf, such as the owner of a business or the person for whom an agent acts.

Third Party

A third party is an individual or entity who is not directly involved in a legal agreement or dispute but may be affected by it or have rights or obligations related to it.