Which of the Following Is True in State V

question 15

Multiple Choice

Which of the following is true in State v.Mills?

• A)If a creditor extends credit in reliance upon security which is falsely represented to be adequate,he has not been defrauded if the debtor intends to repay the debt.
• B)The risk a creditor did not intend to assume if imposed upon him by the intentional act of the debtor cannot constitute intent to defraud.
• C)Intent to repay a loan obtained on the basis of a false representation of the security for the loan is no defense.
• D)The crime of larceny is designed to protect one's title interest.
• E)The crime of false pretense protects a person's possessory interest in property.

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Definitions:

Property Tax Payable

The amount of property tax that a company or individual owes to a local government but has not yet paid.

Market Interest Rate

The prevailing rate at which borrowers and lenders agree to transact in the financial markets.

Coupon Interest Rate

The annual interest rate paid on a bond, expressed as a percentage of the face value, and paid periodically until the bond matures.

Premium

Premium can refer to the amount paid for insurance coverage in excess of the face value or to the additional amount paid over the nominal or par value of a security.