Gloria,the Owner of a Manufacturing Company with Declining Sales,pays Sandra

question 30

Multiple Choice

Gloria,the owner of a manufacturing company with declining sales,pays Sandra $10,000 in exchange for her written agreement to murder the president of a competi-tive company with increasing sales. Sandra keeps the money without doing anything more. Gloria will be able to recover the $10,000

• A)under no circumstances.
• B)if Sandra never in-tended to carry out the crime.
• C)if Gloria fully complied with the terms of the agreement.
• D)if Gloria's sales continue to decline.

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Definitions:

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a specified period.

Fiscal Year

A one-year period used for financial reporting and budgeting, which does not necessarily coincide with the calendar year.

Principal Repayment

The portion of a loan payment that goes toward reducing the amount borrowed, not including interest.

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.