Ladd Knowingly Divulges to Media Exposure Magazine Information About Niki's

question 45

Multiple Choice

Ladd knowingly divulges to Media Exposure magazine information about Niki's e-money payments to Omni Bank.The payments were in trans?mission to Omni Bank when Ladd,without the consent of Niki or the bank,discovered and revealed them.This may be a violation of

• A)the Electronic Communications Privacy Act.
• B)the Federal Reserve Board's Regulation E.
• C)the Right to Financial Privacy Act.
• D)the Uniform Electronic Transactions Act.

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Definitions:

Exercise Date

The specific date on which an option contract can be executed or acted upon by the holder.

Fixed Compensatory

Relates to a form of compensation or damages that are predetermined and not subject to change.

Memorandum Entry

This refers to a journal entry made in the financial records to note a significant event or transaction that doesn’t involve a direct exchange of cash or value and hence does not affect the financial statements directly.

Stock Option Plan

A compensation strategy that allows employees to purchase company stock at a predetermined price.