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kykrilka [37]
3 years ago
8

g McGuire was an employee of First National Bank of Grayson (FNBG). FNBG participated in a Kentucky Housing Corporation (KHC) pr

ogram in which KHC loaned money to financial institutions. The institutions would then make low-interest loans to low-income individuals who qualified for purchase of a home. FNBG received the funds and produced bogus paperwork for 80 loans but never loaned the money. Instead, they invested the money at a high rate of interest. Eventually the money was returned to KHC, but McGuire was charged with making false records and fraud. Can McGuire, as an employee, be held liable?
Business
1 answer:
Crazy boy [7]3 years ago
6 0

Answer:

The court concluded truthfully, as he had done all the analysis and acknowledged the documentation and investment purposes.

The program scammed funds which might have been used for small-income housing by the government agency.

<em>United States v. McGuire, 744 F.2d 1197 (Cir. 11, 1984).</em>

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Beverly, a real estate licensee, doesn’t represent either party to a specific real estate transaction. She merely helps the part
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Beverly, a real estate licensee is taking up  the role of a transactional broker by not representing either party to a specific real estate transaction.

<h3>Who is a transactional broker?</h3>

A transaction broker is the one that provide third-party real estate services various buyers and sellers in exchange for a comission.

Here,  transactional broker is a neutral person to parties in a real estate transaction.

Hence, Beverly, a real estate licensee is taking up  the role of a transactional broker by not representing either party to a specific real estate transaction.

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8 0
2 years ago
The participation of women in the U.S. labor force has risen dramatically since 1970. True or False: This rise likely increased
Nimfa-mama [501]

Answer:

Part 1: The correct option is False.

Part 2: The correct option is False.

Explanation:

<em>For the first Question</em>

The correct answer is False as GDP has increased due to women participation in workforce.

<em>For the second Question</em>

The correct answer is False as the change in measure of well being is less than the change in GDP.

5 0
3 years ago
Greer Company developed the following data for the current year:
bixtya [17]

Answer:

option (C) is correct.

Explanation:

Given that,

Beginning work in process inventory: $102,000

Direct materials used: 156,000

Actual overhead: 132,000

Overhead applied: 138,000

Cost of goods manufactured: 675,000

Total manufacturing costs: 642,000

Company's direct labor cost for the year:

= Total manufacturing costs - Overhead cost - Direct materials cost

= Total manufacturing costs - Overhead applied - Direct materials used

= $642,000 - $138,000 - $156,000

= $348,000

5 0
3 years ago
Need help ASAP, I’m going somewhere!
Rom4ik [11]

Answer:

https://brainly.co a separate Word or PowerPoint document containing the time line. If your tim

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and had begun a five year apprenticeship as a machinist. His starting wage ... brainly.com/question/25586250

6 0
3 years ago
John's Auto Repair just obtained an interest-only loan of $35,000 with annual payments for 10 years and an interest rate of 8 pe
Nookie1986 [14]

Answer:

$2,800

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An interest only loan represents a type of loan offer where a borrower is only expected to pay the interest either for some of the term of the loan as agreed or for all of the terms of the loan. However, the principal amount that is collected remains constant all through the agreed interest -only period.

Since the loan obtained by John's Auto Repair is Interest Only, it means that the principal of $35,000 remains constant.

Hence, in the 8th year, John is expected to pay only the interest for the period =

0.08 x $35,000

= $2,800

5 0
3 years ago
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