Free Access ACFE.CFE-Law.v2022-10-14.q33 Practice Test (Page 7)

Question 26

Which of the following statements regarding civil lawsuits in most jurisdictions is CORRECT?

A.The plaintiffs initial filing does not typically need to contain a summary of the evidence

B.Civil lawsuits begin with the filing of a pleading, usually in the jurisdiction in which the defendant resides or where the claim arose

C.All of the above are correct

D.The plaintiff's initial filing with the court does not typically need to include the specific facts on which the claim relies.

Question 27

In common law jurisdictions failing to suspend routine destruction of electronic data can result in sanctions for failure to preserve relevant evidence

A.True

B.False

Question 28

Which of the following statements concerning alternative remittance systems is INCORRECT?

A.The ledgers used typically contain information regarding payers and payees, such as names and account numbers.

B.The systems are characterized by a lack of physical or digital transfer of currency between payers and payees.

C.The systems are not necessarily illegal.

D.Funds are sent and received without the use of traditional financial institutions.

Question 29

Under the World Bank Principles for Effective Insolvency and Credit/Debtor Regimes (World Bank Principles), which of the following parties should administer the debtor's estate in liquidation bankruptcy proceedings?

A.An independent insolvency representative

B.The debtor, supervised by an independent insolvency representative

C.The jurisdiction's commerce department or equivalent agency

D.The creditor with the largest claim against the debtor

Question 30

Which of the following is the MOST ACCURATE statement about rules prohibiting securities broker-dealers from making unsuitable recommendations on investments or investment strategies?

A.A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions

B.A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client's objectives

C.A suitability violation occurs when a broker trades in a client's account without obtaining prior approval for making the transaction(s).

D.A suitability violation occurs when a broker does not carry out a trade requested by or promised to a customer

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Question 26

Question 27

Question 28

Question 29

Question 30

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