Which of the Flowing Statement About Fraud Is Not True

question 8

Multiple Choice

Which of the flowing statement about fraud is not true?

• A) Most frauds start small and, if not detected, continue to grow larger and larger.
• B) Events that scare or threaten the perpetrator result in discontinuance of the theft.
• C) When scare or threat disappear, the fraud perpetrator will test the system by stealing small amount of money.
• D) None of above

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Definitions:

Real Defense

A genuine, substantial defense claim raised in a legal dispute, often based on factual evidence and legal principles.

Holders in Due Course

Parties who have obtained a negotiable instrument in good faith and for value, and thus have certain protections against defenses and claims that could be asserted against the original payee.

Alteration

Alteration involves making a change or modification to something, often to improve it or adjust it to different requirements.

Payee's Name

Refers to the individual or entity named in a financial document as the recipient of the funds or payment.