What Happened to Andrew Fastow

question 114

Multiple Choice

What happened to Andrew Fastow?

• A) He was convicted of fraud
• B) Nothing; he did nothing wrong
• C) He testified against Skilling and Lay
• D) Both b and c

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Definitions:

Consideration

Something of value exchanged between parties within a contract, serving as the reason or motive for entering into the agreement.

Adequacy

The sufficiency to meet the needs or requirements; often assesses whether something is enough in quantity or meets a certain standard.

Consideration

Something of value (such as money, services, or goods) exchanged between parties in a contract.

Legally Sufficient Value

Refers to the consideration in a contract that is recognized by law as adequate to support a legal obligation or agreement.