The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
expand_more
expand_more
format_list_bulleted
Question
Chapter 10, Problem 2BS
Summary Introduction
Case summary:A person K, who is a student of LU, needs to pay a tuition fee to get a graduate degree. The person K does not have the money with her. To pay the debt, the person K sends an email to unknown people asking for financial help to help her disabled child M to get into a special school. In reality, the person K does not have any child.
To find: The crime committed by the person K.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Cyber Scam. Kayla, a student at Learnwell University, owes $20,000 in unpaid tuition. If Kayla does not pay thetuition, Learnwell will not allow her to graduate. To obtain thefunds to pay the debt, she sends e-mails to people that she doesnot personally know asking for financial help to send Milo,her disabled child, to a special school. In reality, Kayla has nochildren. Is this a crime? If so, which one? (See Cyber Crime.)
Cameron is an accountant in the accounting department of Data Analytics Company. Cameron’s son’s college tuition is due within a week, or he cannot continue taking classes. To meet the due date, Cameron transfers funds from Data Analytics to a fictitious bank account, planning to repay the firm within one month. The transfer is discovered before the firm is repaid, and Cameron is arrested.
What crime, or crimes, if any, has Cameron committed?
What did Pavlo do that he thought would prevent MCI (
his employer) from coming after him if he got caught?
What did Pavlo do that he thought would prevent MCI (
his employer) from coming after him if he got caught?
Made secret recordings. Made copies of the general
ledger. Gathered information about what his employer
was telling him to do so that he had leverage against
his employer. Asked his employees to lie for him.
Chapter 10 Solutions
The Legal Environment of Business: Text and Cases
Knowledge Booster
Similar questions
- Megan is a single 40-year-old who has borrowed money on numerous occasions. Her payment record has been good, except she has been delinquent in paying a few bills. Which of the following statements is true regarding credit information gathered on Megan? Because Megan has been delinquent, she waives her right to see the credit files. If Megan is rejected for a loan because of the consumer report, the lender must tell her the name of the agency that supplied the report. Megan has a right to have the information regarding her delinquency in paying a few loans stricken from her credit record because her record has generally been good. Megan's delinquencies can be reported by credit reporting agencies for a period of 12 years.arrow_forwardSteve purchases a new Iphone for Carla without her knowledge but asks Verizon to hold it until Carla goes in and picks it up. Carla finds out about the purchase after it has occurred and goes into Verizon and gets the new Iphone. Has Carla ratified the unauthorized purchase? Has an agency relationship been created? If so, what kind?arrow_forwardRead the study below and then answer the questions that follow. Gardo Varela, an employee of Diva Pawnshop, was accused of stealing funds from pawnshop transactions. His officemates noticed that Gardo has been living a lavish lifestyle traveling in and out of the country and purchasing major items for his house. Upon knowing this, the management immediately called his attention and decided to suspend him without probable cause. There were no major losses reported by the accounting department to support that Gardo is stealing funds. After terminating Gardo, his supervisor gathered that Gardo had a part-time job selling his paintings in art fairs. His artworks were sold at premium prices to VIP customers. 1. Why is important to undergo due process before receiving the verdict? 2. After Gardo's supervisor found out the real source of Gardo's funds, can he and the management still do anything to make amends to Gardoarrow_forward
- An unidentified chemical agent has caused the death of three persons found pale and choking as they exited the elevator of a 50-story office building located in Gotham City. The building is owned and used by Semiconductor Systems, Inc. (SSInc). The individuals are transported to the nearest hospital where they later succumbed. All elevators are sealed and the proper authorities are notified. John James, owner of Semiconductor Systems knows that his communications manager has attended NIMS training. The manager briefed the company’s officers following the training, which James directed him to take after 9/11. SSInc. Has 900 employees. You are the communications manager. He calls you into his office and charges you with handling the incident.Consider the scale of this incident and its potential for more harm. Who will be the participants? Think about the sensitive security issues that may surround your type of company.In a 3-5 page paper you should outline your plan for effective…arrow_forwardA 92-year-old woman wanted to transfer the ownership of her 1,800 square foot home near Lahaina Hawaii that was worth $1.8 million to her 20-year-old granddaughter as a gift. Which of the following legal documents should she use? Grant Deed Mortgage Promissory note Deed of Trustarrow_forwardJamie, who works as a conveyancer at your organisation, was acting on behalf of a client who was selling their property. You find out that the conveyancer was receiving kickbacks for recommending clients to a certain developer. While the gifts were not monetary, they were significant. Over the course of a couple of months, Jamie received: A fully paid trip to Fiji sponsored by the developer Two tickets to see Jimmy Barnes at his next show The conveyancer did not disclose to the client that they were also acting for the developer when they made the recommendation to go with the developer. Apply the key principles and responsibilities of codes of conduct to this scenario and explain why Jamie is in breach of them and advise the relevant regulation.arrow_forward
- Chad Boudreaux is a 58-year riverboat captain. He grew up in New Orleans and has worked on the Mississippi River his entire life. He works for a private company in New Orleans called Crescent River Pilots Inc. (CRP) and is married to Patricia, who is 35 years old. They have a seven-year-old son, named River. CRP sponsors a 401(k) plan that offers a Roth account and a separate ESOP. Chad has the following retirement plan accounts: Account Description Current FMV Beneficiary ESOP account from CRP – consists of CRP shares. The cost basis for the shares is $75,000. $400,000 Patricia 401 (k) Plan From CRP Inc. $800,000 Patricia 401 (k) Plan from Schlumberger, where he worked in his thirties $90,000 Patricia Roth IRA (established in 2000 with a $2000 initial contribution; three years ago he rolled over a traditional IRA with a balance of $10,000 $45,000 Patricia Traditional IRA (established twenty years ago with $15,000 of after-tax contributions)…arrow_forwardWhich of the following is true with regard to Cressey’s theory of crime causation? a. For a fraud to occur, only one of the fraud triangle attributes (perceived pressure, perceived opportunity, or rationalization) needs to be present. b. Rationalization is the least important attribute of the fraud triangle c. Financial pressure that is sharable will never result in a fraud. d. Opportunity includes both the opportunity to complete the fraud as well as conceal it without getting caught.arrow_forwardSimone, a final year student at Colegio University, owes $ 15,000 in tuition fees. She is not in a position to pay at the moment as she is unemployed. Colegio is threatening to prevent her from graduating. To obtain funds to pay the debt, Simone starts a “Go-Fund-me page, asking for financial help for her mother who is supposedly dying from cancer. In reality, her mother has just won the fitness woman of the year award on the island. Do you consider this a crime? If so, which one? Discussion question. Cybercrime costs individual consumers millions of dollars a year and it costs businesses including banks and credit card companies a lot more. Paradoxically, when cyber criminals are caught and convicted, they are given jail time, but hardly ever pay restitution for their crimes. Discuss: 1. How can people best protect themselves against cybercrime? 2. If you were a legislator, what measures would you take to reduce the incidence of cybercrime?arrow_forward
- Define Coercion Misrepresentation and Fraud with proper example.arrow_forwardSecond-degree murder Involuntary manslaughter Burglary Larceny Forgery Extortion Embezzlement Cyber crime Money Laundering Fraud [Choose ] The taking of another's personal property other than from his or her person or building. The unintentional, unlawful killing of a human being by another person that is caused by a negligent or reckless act. The taking of personal property from another's home, office or commercial or other type of building. Knowingly engaging in a financial transaction involving the proceeds of an illegal activity. The fraudulent conversion of property by a person to whom that property was entrusted. The intentional, unlawful killing of a human being by another person that is not premeditated. The fraudulent making or alteration of a written document that affects the legal liability of another person. A threat to expose something about another person unless that other person gives money or property. Obtaining the title to property through deception or trickery A…arrow_forwardCompany A’s interest ratio has fallen below the level required by its lender. The lender may not take which action? Multiple Choice Gain representation on the company’s board of directors. Replace the CEO of the company. Demand repayment of the loan. Veto payment of a dividend.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education