A Goldman Sachs borrows 1000 shares of Lehman Brothers, Inc. for 1 month. Goldman Sachs then sells the 100 shares of Lehman Brothers for $1/share. At the end of the month, it must repurchase the shares and return them to Lehman Brothers. In an effort to drive the price down, before it has to repurchase. Goldman sells another 100.000 shares of Lehman Brothers (but it does not actually own these shares). What do we call this crime?

Fidelity Corp offers to hire Ron to replace Monica, who has given Fidelity a month's notice of

intent to quit. Fidelity gives Ron a week to decide whether to accept. Two days later, Monica

signs an employment contract with Fidelity for another year. The next day, Monica Tells Ron of

the new contract. Ron immediately sends a formal letter of acceptance to Fidelity. Do Fidelity

and Ron have a contract? Explain.