The Sarbanes-Oxley Act
Chapter 5: the Sarbanes- Oxley act of 2002 involved the public anger that started when Enron, WorldCom, and other big companies scandals. This is when there was support for white collar crime when it came to accounting standards. Under the law of federal sentencing rules to make sure that white collar criminals are being punished. (Barnes, 2012). 1. For someone to alter or get rid of documents and there intensions to obstruct or effect the crime/case. 2. The CEO (chief executive officer) and the CFO (chief financial officer) must clarify that repots have been submitted to the SEC (securities and exchange commission.) it is a crime if the CEO and CFO make a report that is false. 3 CEO and CFO must reimburse the company for any raises and if
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It is felony to cheat shareholders on the attention for a traded company. 5. Whistleblowing is an anonymous person reporting what is happening. The person who blows the whistle on the employer are offered legal help/protection. If a person is convicted for bad behavior the state must provide (Barnes, 2012). 1. Show a prior statutory prohibition of that action/act.2.have proof beyond a reasonable doubt that the defendant committed the crime prohibited by the statue. 3. Prove the defendant had ability to do that horrible act. RICO (Racketeer Influenced and Corrupt Organizations Act) this act was passed by congress as part of the organized crime control act of 1970. This act was created to stop organized crime in business enterprises (Barnes, 2012). RICO cases involved white-collar crimes which included security fraud, mail fraud and wire fraud. RICO is one of the most controversial topics affecting …show more content…
They are the party who made the offer. The offeree is the party that can chose to accept the offer that the offeror has made. It is crucial that the terms of the offer contain all the teams of the contract because in many cases the offeree dose is approve of the offer. There offers are usually unilateral contracts. That method the offeree must complete the act which includes return lost property, give the information that is needed, or catch the wanted criminal. Auctions- sellers are mainly the ones making the invitation to the offer. Bidders on the other hand are treated as offerors by making bids that the seller can accept or reject. When the offer is accepted the auctioneer makes it known that the good is sold. There has been dispute in the following years from the growth of shrink-wrap agreements by the dealer of computer software. (Barnes, 2012). Most of the time a buyer buys the software in form of a disk or cd. These dicks are shrink-wrapped and have a label that say once opened you agree to the terms of the licensing agreement. This term is known as shrink-wrap contracting. There have been discussions that raises questions about how ethical troubles and how some consumers may not fully understand. Is that by opening the product and in this case the software they are accepting the terms of the agreement. Most shrink wrap agreements are required unless it breaks the contract rules such as unconscionability. For terms of an offer the
It is felony to cheat shareholders on the attention for a traded company. 5. Whistleblowing is an anonymous person reporting what is happening. The person who blows the whistle on the employer are offered legal help/protection. If a person is convicted for bad behavior the state must provide (Barnes, 2012). 1. Show a prior statutory prohibition of that action/act.2.have proof beyond a reasonable doubt that the defendant committed the crime prohibited by the statue. 3. Prove the defendant had ability to do that horrible act. RICO (Racketeer Influenced and Corrupt Organizations Act) this act was passed by congress as part of the organized crime control act of 1970. This act was created to stop organized crime in business enterprises (Barnes, 2012). RICO cases involved white-collar crimes which included security fraud, mail fraud and wire fraud. RICO is one of the most controversial topics affecting …show more content…
They are the party who made the offer. The offeree is the party that can chose to accept the offer that the offeror has made. It is crucial that the terms of the offer contain all the teams of the contract because in many cases the offeree dose is approve of the offer. There offers are usually unilateral contracts. That method the offeree must complete the act which includes return lost property, give the information that is needed, or catch the wanted criminal. Auctions- sellers are mainly the ones making the invitation to the offer. Bidders on the other hand are treated as offerors by making bids that the seller can accept or reject. When the offer is accepted the auctioneer makes it known that the good is sold. There has been dispute in the following years from the growth of shrink-wrap agreements by the dealer of computer software. (Barnes, 2012). Most of the time a buyer buys the software in form of a disk or cd. These dicks are shrink-wrapped and have a label that say once opened you agree to the terms of the licensing agreement. This term is known as shrink-wrap contracting. There have been discussions that raises questions about how ethical troubles and how some consumers may not fully understand. Is that by opening the product and in this case the software they are accepting the terms of the agreement. Most shrink wrap agreements are required unless it breaks the contract rules such as unconscionability. For terms of an offer the