For Which of the Following Is George Liable

question 22

Multiple Choice

For which of the following is George liable?

• A) His own profits and also the profits of Frank.
• B) His own profits and also the profits of both Frank and Linda.
• C) His own profits regardless of whether he knew he was trading in information that had not been made public.
• D) Only his own profits and those of Linda.
• E) Only his own profits and then only if it can be shown that he knew or should have known that the material information was not public.

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Definitions:

Informal Agency Rule Making

A process used by administrative agencies to create rules and regulations through procedures that are less formal than the traditional rulemaking process, often involving less public input.

Privacy Act

Legislation designed to protect the personal information of individuals from unauthorized use or disclosure by the government or other entities.

Enabling Legislation

Laws passed by a legislative body that provide the means for governmental agencies or bodies to enact and enforce regulations.

Animal Protection Commission

A governmental or non-governmental organization dedicated to ensuring the welfare and protection of animals, often by enforcing laws and regulations.