Which of the Following Is a Scam That Is Typically

question 49

Multiple Choice

Which of the following is a scam that is typically based on selling products and/or recruiting new members into an organization?

• A) Ponzi scheme.
• B) Pyramid scheme.
• C) Telemarketing fraud.
• D) Identity theft.

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Definitions:

Express Authorization

Explicit permission granted by one party to another to perform actions or activities on its behalf.

Principal

In agency law, one under whose direction an agent acts and for whose benefit that agent acts.

Implied Trust

A trust not created by explicit words but inferred by law to avoid injustice or to reflect the presumed intention of the parties involved.

Unjust Enrichment

A legal principle where one party is unjustly benefited at the expense of another, often requiring restitution to the party disadvantaged.