Which of the Following Was the Result on Appeal in the Case

question 83

Multiple Choice

Which of the following was the result on appeal in the Case Opener involving the alleged breach of an oral contract based on the plaintiff lawyer loaning a corporate client funds and the client later reneging on a promise, made in gratitude, to give the lawyer three percent of the company's stock?

• A) That the promise to transfer the stock flowed from the loan transaction and was enforceable by the plaintiff.
• B) That the promise was unenforceable because lawyers may not loan clients money.
• C) That the promise was enforceable only if the total the plaintiff received in funds did not violate state usury laws involving maximum interest rates.
• D) That the promise was not enforceable because it was a gift.
• E) That the promise was enforceable as a gift.

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Definitions:

Vulnerabilities

Weaknesses or gaps in a system's security that can be exploited to cause harm or unauthorized access.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement.

Safe Deposit Box

A secure container, usually found in banks or financial institutions, used for storing valuable possessions or documents.

Bank Statement Adjustment

The process of making changes to a bank statement balance to reflect transactions not yet recorded by the bank.