X hands a sum of R100 000 to Y and, hoping that the value of company A's shares will increase dramatically, instructs Y to buy shares for him (X) in company A. Y takes the money and, thinking that owning shares in company B will be more beneficial to X, buys shares in company B instead. When asked by X whether he (Y) had indeed bought the shares of company A as X requested him to do, Y just nods his head to affirm. As it turns out, the value of the shares in company A dramatically decreases within the next week. As a result of Y's doing, X actually saves a lot of money.

A. X commits fraud and theft.

B. X does not commit the crime of fraud because X did not suffer any prejudice.

C.  Y commits the crime of fraud because, at the time of Y's misrepresentation to X, there was the possibility of prejudice to X.

D. X does not commit the crime of fraud because Y's misrepresentation to X was not made explicitly.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is C Y commits the c... View the full answer