Answer: True
Explanation: A bust-out refers t a planned bankruptcy. It is a highly coordinated and sophisticated strategy usually in the areas of credit cards. Here, the perpetrators applies for and uses credit under his or her own name,
or uses a synthetic identity, to make transactions while making on-time
payments to build trust and also maintain a good account standing, and over time he request more credit, often higher than the previous requested, with the intent of bouncing a final
huge payment and abandoning the account.
obtains additional lines of credit
. It is also called sleeper fraud.
When George Washington refused a third term in 1797, Adams was elected President (1797-1801). In 1797, Adams became the second President of the United States. He was the first President who belonged to a political party - the Federalists. ... He maintained his resolve to keep the United States out of war.
Answer:
The correct answer is Secession
Explanation:
Secession refers to the spontaneous abandonment of one or more states from the Union that constitutes the United States of America. In other words, it is leaving a territory to form a separate territory or new state. In the history of the USA, a secession was advanced in 1860 when some southern states each declared secession from the United States, to form the Confederate States of America. However, this movement failed in 1985 because the Confederate forces were defeat by the Union armies in the American Civil War.
