Void Contract Definition and What Happens A void contract is a legal agreement that is considered to be invalid from the beginning. It lacks the necessary elements to be enforceable by law. When a contract is void, it means that it has no legal effect and cannot be enforced by … …
Examining the History of Unlawful Loan The concept of unlawful loans dates back centuries and has evolved over time. Throughout history, various societies and legal systems have recognized the need to regulate lending practices to protect borrowers from exploitation and ensure fair and equitable lending. In ancient civilizations, such as … …
Definition of Watered Stock Watered stock refers to shares of a company’s stock that have been issued at a price higher than their intrinsic value. This practice is often done to deceive investors and inflate the company’s apparent worth. It is considered a form of financial fraud and is illegal … …
Definition of Undue Influence Undue influence refers to a situation where one person exerts an excessive amount of control or influence over another person, causing them to act against their own best interests. It is a form of manipulation that can occur in various relationships, such as between family members, … …
Definition of Ultra Vires Acts An ultra vires act refers to any action or decision made by a company or organization that goes beyond the powers or authority granted to it by its governing documents, such as its articles of incorporation or bylaws. In Latin, “ultra vires” means “beyond the … …
Types of Ombudsman There are various types of ombudsman that exist to address different areas of concern and provide assistance to individuals and organizations. Some of the common types of ombudsman include: Government Ombudsman: This type of ombudsman is appointed by the government to investigate complaints against government agencies and … …
Definition of Misrepresentation Types of Misrepresentation There are several types of misrepresentation that can occur: Innocent Misrepresentation: This type of misrepresentation happens when a person provides false information without knowing that it is false. They genuinely believe that the information is true and have no intention to deceive. Negligent Misrepresentation: … …
Underground Economy: All You Need to Know about Definition, Statistics, Trends, and Examples The underground economy refers to economic activities that are conducted outside the purview of government regulation and oversight. These activities are often illegal or unreported, and participants in the underground economy typically avoid paying taxes, following labor … …
Definition and Explanation Rogue trading can take various forms, including unauthorized trading, fraudulent activities, or the manipulation of financial instruments. The motives behind rogue trading can vary, but they often involve personal gain, such as bonuses or commissions, or attempts to cover up previous losses. One of the key aspects … …
What is Racketeering? Racketeering refers to the act of operating an illegal business or enterprise, typically involving organized crime. It involves engaging in a pattern of criminal activity, such as bribery, extortion, fraud, money laundering, and drug trafficking, among others. Racketeering is often associated with organized crime syndicates, which use … …
Methods of Document Examination Document examination is a crucial aspect of forensic investigation, aiming to determine the authenticity, origin, and integrity of various types of documents. This process involves the application of scientific methods and techniques to analyze handwriting, typewriting, printing, ink, paper, and other physical characteristics of documents. 1. … …
Pump and Dump: Definition, Illegal Scheme, Types Pump and Dump is an illegal scheme that involves artificially inflating the price of a stock or cryptocurrency through false or misleading statements, and then selling off the inflated shares for a profit. This scheme is commonly associated with penny stocks and cryptocurrencies, … …
What is Painting the Tape? Painting the Tape is a market manipulation technique that involves the artificial manipulation of a security’s trading volume or price by creating the appearance of increased activity. It is a form of market manipulation that is typically used by traders or market participants to create … …
Maximizing Your Investment Potential with Offshore Portfolio Investment Strategy (OPIS) Are you looking to maximize your investment potential? Look no further than the Offshore Portfolio Investment Strategy (OPIS). With OPIS, you can take advantage of offshore investment opportunities and diversify your portfolio like never before. What is OPIS? It is … …
Nigerian Letter Scam: Definition and Tips to Avoid It The scammers typically claim to have a large sum of money that they need help transferring out of Nigeria due to political instability or other reasons. They promise the victim a significant share of the funds in exchange for their assistance. … …
Definition of Money Laundering Money laundering is a criminal activity that involves disguising the origins of illegally obtained money in order to make it appear legal. It is a process through which criminals attempt to legitimize the proceeds of their illegal activities, such as drug trafficking, corruption, fraud, and organized … …