Criminal Penalties Only Apply To

question 117

Multiple Choice

Criminal penalties only apply to:

• A)Willful failure to file a return and tax evasion.
• B)Careless disregard for tax authority.
• C)Willful failure to file a return.
• D)Tax evasion.

---

Definitions:

Abandoned Contract

A contract that is no longer active because all parties have ceased to perform their obligations.

Quantum Meruit

A Latin term meaning "as much as he has earned," used in legal context to denote compensation deserved for services or work done when no contract exists.

Substantial Performance

A legal concept that a contract has been completed enough to fulfill its purpose, even if all details have not been precisely met.

Anticipatory Breach

A situation in contract law where one party indicates in advance that they will not fulfill their contractual obligations.