Which of the Following Is a Fraudulent Activity

question 39

Multiple Choice

Which of the following is a fraudulent activity?
I.Selling stocks on an institution where there is zero external activity.
II.Selling penny stocks as blue chip stocks

• A)I and II are fraudulent.
• B)I and II are not fraudulent.
• C)I is fraudulent and II is not fraudulent.
• D)I is not fraudulent and II is fraudulent.

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Definitions:

Common Elements

are the parts of a condominium or co-operative property that are shared among all owners, such as lobbies, gyms, and pools.

Right of Lien

The legal right to retain possession of property belonging to another person until a debt owed by that person is discharged.

Registry System

A system for recording and tracking legal rights and interests in property, usually maintained by a government or official body, to establish ownership and transactions.

Title Search

The process of examining public records to verify the legal ownership of property and to identify any liens, encumbrances, or claims against it.