In Relation to Edie's Solicitation of Investors in a Nonexistent

question 38

Multiple Choice

In relation to Edie's solicitation of investors in a nonexistent business,she is charged with "mail fraud." This requires,among other things,

• A)claiming that an item is "in the mail" when it is not.
• B)deceiving postal authorities as to the content of an item of mail.
• C)depositing items in the postal system without proper postage.
• D)mailing or causing someone else to mail a writing.

---

Definitions:

Debts Discharged

The cancellation of a debtor's obligation to pay a debt after fulfilling certain conditions, often under bankruptcy procedures.

Technically Insolvent

A financial state where an entity's liabilities exceed its assets, but it has not yet declared bankruptcy.

Bankruptcy Relief

Legal procedures designed to help individuals or businesses that cannot pay their debts to either eliminate those debts or repay them under the protection of bankruptcy court.

Businesses

Organizations engaged in commercial, industrial, or professional activities with the aim of earning profits.