Month End Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

Download Latest CFE-Law Questions

Page: 6 / 12
Total 158 questions

Certified Fraud Examiner (CFE) - Law Questions and Answers

Question 21

Slater has been appointed as a bankruptcy administrator. According to the recommendations of the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes (World Bank Principles), which of the following statements concerning Slater's role as bankruptcy administrator is MOST ACCURATE?

Options:

A.

Slater may investigate all contracts the debtor entered into, but he does not have the power to cancel them without the debtor's permission.

B.

Slater may request relevant information from the debtor's agents or others with knowledge of the debtor's affairs, but he cannot force them to provide it.

C.

Slater may collect, preserve, and dispose of the debtor's property.

D.

Slater may not interfere with contracts signed by the debtor.

Question 22

Which of the following schemes involves disguising money from illegal nonbusiness sources by recording more income on a business's books than the business actually generates?

Options:

A.

Overstate revenues

B.

Structured deposits

C.

Trade-based laundering

D.

None of re above

Question 23

The government filed a avil action against a politician for accepting real estate as a bribe. There is a possibility that the politician could transfer the real estate to a third party before the court enters a final judgment Which type of order should the government seek from the court to prevent the politician from transferring the real estate?

Options:

A.

Preservation order

B.

Declaratory relief

C.

Prejudgment attachment

D.

Litigation hold

Question 24

The________________requires that an employee act solely in the best interest of their employer, free of any serf-dealing, conflicts of interest, or other abuse that results in a personal advantage

Options:

A.

Duty of care

B.

Duty of responsibility

C.

Duty of employee trust

D.

Duty of loyalty

Page: 6 / 12
Total 158 questions