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Author Question: Express contracts cannot be oral. Indicate whether the statement is true or ... (Read 62 times)

nelaaney

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on: Aug 3, 2018
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

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Reply #1 on: Aug 3, 2018
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.


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