Lauren wants to open a floral shop in a downtown business district. She doesn't have funds enough to purchase inventory and pay six months' rent up front. Lauren approaches a good friend, Jamie, to discuss the possibility of Jamie investing funds and becoming a 25% partner in the business. After a lengthy discussion, Jamie agrees to invest. Eight months later, Jamie discovered that Lauren has not be honest with her regarding some aspects of the business financial operation. In order for Jamie to sue Lauren for fraud, all the following must be true except:. A) Jamie's decision to invest was primarily based on Lauren's assertion that she had prior floral retail experience.
B) Jamie has suffered a substantial loss in her investment because of Lauren's deception.
C) Jamie trusted and relied on Lauren's representation of the business financial operation.
D) Jamie found Lauren dishonest because she does not always reconcile the business cash account on a timely basis

D) Jamie found Lauren dishonest because she does not always reconcile the business cash account on a timely basis

Explanation:

Fraud is the act of converting property or right that does not belong to one to himself by deception. It is for financial or personal gain.

In the given scenario Lauren convinced Jamie to invest funds and become a 25% partner in the business.

Eight months later, Jamie discovered that Lauren has not be honest with her regarding some aspects of the business financial operation.

To prove fraud Jamie must show Lauren acted deceptively to convert money for her personal or financial gain.

The only option that does not qualify as fraud is she does not always reconcile the business cash account on a timely basis.

There is no deception in this case only a delayed activity by Lauren

the earth’s crust is broken into separate pieces called tectonic plates (fig. 7.14). recall that the crust is the solid, rocky, outer shell of the planet. it is composed of two distinctly different types of material: the less-dense continental crust and the more-dense oceanic crust. both types of crust rest atop solid, upper mantle material. the upper mantle, in turn, floats on a denser layer of lower mantle that is much like thick molten tar.

each tectonic plate is free-floating and can move independently. earthquakes and volcanoes are the direct result of the movement of tectonic plates at fault lines. the term fault is used to describe the boundary between tectonic plates. most of the earthquakes and volcanoes around the pacific ocean basin—a pattern known as the “ring of fire”—are due to the movement of tectonic plates in this region. other observable results of short-term plate movement include the gradual widening of the great rift lakes in eastern africa and the rising of the himalayan mountain range. the motion of plates can be described in four general patterns:

collision: when two continental plates are shoved together

subduction: when one plate plunges beneath another (fig. 7.15)

spreading: when two plates are pushed apart (fig. 7.15)

transform faulting: when two plates slide past each other (fig. 7.15)