In U.S. v. King, King was a major investor in OSI, which was working on a land project in Costa Rica. He was accused by the U.S. government of violating the Foreign Corrupt Practices Act (FCPA) by bribing government officials in Costa Rica, in an effort to make the land deal work. The U.S. courts held that King:
A) as an investor in OSI could not be prosecuted, but the company itself could be
B) did bribe the officials, but that since that is how government licenses are regularly obtained in that country, it did not violate the FCPA
C) could not be prosecuted in the U.S. for an act that may have occurred in another nation; it would be up to the government of Costa Rica to prosecute King
D) could be fined up to $100,000 for violating the FCPA but could not be imprisoned
E) could be sentenced to prison for violating the FCPA
Correct Answer:
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Q263: Under the Foreign Corrupt Practices Act, US
Q264: An agreement or assurance by the bank
Q265: If a company is found guilty of
Q266: The potential loss or profit that occurs
Q267: In U.S. v. King, King was a
Q269: The potential loss or profit that occurs
Q270: A letter of credit:
A) is a written
Q271: Who is responsible for criminal enforcement of
Q272: In U.S. v. King, King was a
Q273: An agreement or assurance by the bank
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