Author Question: Express contracts cannot be oral. Indicate whether the statement is true or ... (Read 14 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
Express contracts cannot be oral.
 
  Indicate whether the statement is true or false

Question 2

What are the penalties for violating the federal wire fraud act?
 
  What will be an ideal response?



irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

FALSE

Answer to Question 2

A person convicted under the federal wire fraud act can face punishment by fines and imprisonment of up to twenty years, or both. If the violation affects a financial institution, the punishment is a fine of not more than 1,000,000, imprisonment of not more than thirty years, or both.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

For a complete list of videos, visit our video library