To Prove Fraud in a Court of Law, Prosecutors Must

question 21

Multiple Choice

To prove fraud in a court of law, prosecutors must demonstrate that:

• A)the wrongdoer made a false representation of material fact.
• B)the innocent party never relied on the misrepresentation.
• C)the wrongdoer did not intend to deceive the innocent party.
• D)the wrongdoer was not injured

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Definitions:

Uncertainty

A situation where the outcomes of an event or condition cannot be accurately predicted or quantified.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits.

Current Liabilities

Obligations or debts a company is expected to settle within one fiscal year or its operating cycle, whichever is longer, including accounts payable and short-term loans.

Debt Guarantees

Debt guarantees refer to commitments made to pay back a loan or debt if the original borrower fails to do so, often provided by a third party.