Malicious Prosecution Occurs When a Person

question 83

Multiple Choice

Malicious prosecution occurs when a person

• A) initiates a criminal or quasi-criminal prosecution with malice and without reasonable grounds.
• B) threatens or harasses a someone vulnerable.
• C) takes advantage of a trust relationship.
• D) maliciously sues a person who has acted carelessly and caused damage.
• E) forces a businessperson do to something to harm their business.

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Definitions:

Demand Deposits

Refers to funds held in bank accounts from which money can be withdrawn at any time without any advance notice to the institution.

Principles Of Internal Control

Principles Of Internal Control are the guiding rules designed to safeguard assets, ensure accurate financial reporting, promote operational efficiency, and encourage adherence to policies.

GAAP

Generally Accepted Accounting Principles are a compilation of universally accepted standards and rules for accounting and financial reporting.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines outlining how transactions and other accounting events should be reported in financial statements.