All of the Following Statements Refer to an Element of Fraud

question 21

Multiple Choice

All of the following statements refer to an element of fraud except:

• A) the defendant desired to obtain a financial benefit.
• B) the defendant made a false statement.
• C) the defendant knew that the statement was false or was recklessly indifferent regarding its truth.
• D) the defendant intended for the other party to rely on the false statement.

---

Definitions:

Paid-In Capital

The amount of capital provided by shareholders in exchange for shares of a company's stock.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which in turn reduces the price per share.

Market Value

The ongoing value for buying or selling an asset or service in a market setting.

Par Stock

The ideal quantity of specific inventory items that a business should hold to meet demand without overstocking.