[Party Business, Inc.] Lila, who is the president of Party Business, Inc., tells Isaiah that buying stock in Party Business, Inc. right now is a good idea. Isaiah is only casually acquainted with Lila and does not know that she is an officer of the corporation. He, however, acting on her information which he believes to be public knowledge, investigates the company somewhat and proceeds to buy some stock. Both Lila and Isaiah are charged with insider trading.
-A crime can be a felony, misdemeanor, or petty offense. How is this determination usually made?
A) The judge decides.
B) The jury decides.
C) The statute defining the crime usually establishes whether the crime is a felony, misdemeanor, or petty offense.
D) The prosecutor decides how the charges will read.
E) The statute defining the crime usually establishes whether the judge or jury decides if the crime is a felony, misdemeanor, or petty offense.
Correct Answer:
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