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ACFE CFE - Law Exam Actual Questions

The questions for CFE - Law were last updated on Nov. 21, 2024.
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  • Viewing questions 1-4 out of 153 questions
 

Topic 1 - Exam A

Question #1 Topic 1

Greta is convicted of white-collar crime. However, her sentence is suspended in return for her promise of good behavior. Which of the following BEST describes Greta's sentence?

  • A. Determinate sentence
  • B. Probation
  • C. Indeterminate sentence
  • D. Deferred prosecution agreement
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Correct Answer: B 🗳️

Question #2 Topic 1

Bob receives a memorandum from his attorney that is protected by a legal professional privilege. Bob emails the memorandum to a third party who has no need to know the information in the memorandum. Which of the following statements is MOST ACCURATE?

  • A. Bob might have waived the privilege because he transmitted the protected information to a third party who has no need to know the information.
  • B. Bob might have waived the privilege because he used email to transmit the protected information.
  • C. Bob did not waive the privilege because the legal professional privilege belongs to the attorney, not the client.
  • D. Bob did not waive the privilege because the legal professional privilege cannot be waived by transmitting protected information to a third party.
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Correct Answer: C 🗳️

Question #3 Topic 1

At the end of a civil proceeding, the court finds the defendant, a company, liable and orders it to pay a large sum of money to compensate for the plaintiff’s losses. Which of the following BEST describes this type of remedy?

  • A. Declaratory relief
  • B. Equitable relief
  • C. Damages
  • D. Injunction
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Correct Answer: C 🗳️

Question #4 Topic 1

Which of the following is the MOST ACCURATE statement about rules prohibiting securities broker-dealers from making unsuitable recommendations on investments or investment strategies?

  • A. A suitability violation occurs when a broker recommends an investment or investment strategy that is inconsistent with the client's objectives.
  • B. A suitability violation occurs when a broker does not carry out a trade requested by or promised to a customer.
  • C. A suitability violation occurs when a broker enters into transactions and manages a client's account for the purpose of generating excessive commissions.
  • D. A suitability violation occurs when a broker trades in a client's account without obtaining prior approval for making the transaction(s).
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Correct Answer: A 🗳️

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