Question: 38. Please read the following section of the Revised Code of Washington: RCW 9.38.010 Maureen has started a new business to support herself and her
38. Please read the following section of the Revised Code of Washington: RCW 9.38.010
Maureen has started a new business to support herself and her son Mo. She has had a fairly good first six months in business (Sales of $10,000, with a Net Profit of $3,000). She is now applying for a small-business loan from the bank. Her brother has suggested that Maureen should bump up her sales and net profit numbers a bit (Sales of $15,000, with a Net Profit of $5,000) to make it look to the bank like her business is more profitable. If Maureen follows her brothers advice:
A She could be charged with a felony crime.
B She could be charged with a misdemeanor crime.
C She could be charged only with a civil infraction.
D She may have done something morally wrong, but legally she could not be charged with violating RCW 9.38.010.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
