Question

QUESTION 7 1 points Which of the following is NOT one of the four essential elements of fraud under common law? A material false statement Reliance on the false statement by the victim Knowledge that the statement was false when it was spoken Use of email, wire, or telephone with a criminal intent to deceive QUESTION 8 1 points Using non-financial data to corroborate financial information is: Powerful and its value cannot be overstated Amateurish and used primarily by inexperienced investigators Dangerous because it is usually misunderstood by juries Acceptable on an extremely limited basis

Answer 1

1) Solution: Use of email, wire, or telephone with a criminal intent to deceive

Explanation: The four essential element of fraud consists of a false statement; awareness that the it was false statement when it was spoken; reliance on the victim's false statement by victim; and damage arises due to false statement

2) Solution: powerful and its value cannot be overstated

Explanation: The usage of nonfinancial data to corroborate financial information is powerful and cannot be overstated