Which of the Following Observations Is NOT True of Foreign-Advance

question 27

Multiple Choice

Which of the following observations is NOT true of foreign-advance fee scams?

• A)Perpetrators are well-known businesses and there is usually some urgency to participate.
• B)All messages come from an unknown party who claims to have access to large sums of money or assets.
• C)Perpetrators are always willing to transfer money or other assets to the victims,but only after money or information is extracted.
• D)Perpetrators claim to have access to large sums of money or assets.

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Definitions:

Depositary Bank

A bank that holds securities in its custody for depositors and facilitates the exchange and transactions of these securities.

Electronic Funds Transfer Act

A federal law that protects consumers engaging in the transfer of funds through electronic methods, ensuring their rights and establishing responsibilities for institutions.

Revised Article 4

An update or amendment to a section of the Uniform Commercial Code dealing primarily with bank deposits and collections.

Postdated Instrument

A financial instrument, such as a check, with a date in the future, indicating when it becomes payable.