Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q8 Phillips, a high-level employee of Denzil Corporationa U.S. corporation, donated money to a charity run by the wife of the Venezuelan president. In return,

Q8 Phillips, a high-level employee of Denzil Corporationa U.S. corporation, donated money to a charity run by the wife of the Venezuelan president. In return, the president issued import certificates to Denzil rather than to Denzil's American competitors. Has Phillips (and Denzil) violated U.S. law?

A. No. These payments were charitable contributions.

B. Yes. Any type of payment to a foreign governmental official violates U.S. law.

C. No. These payments would be considered "grease" payments.

D. None of the above is correct.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law in Canada

Authors: Richard A. Yates, Teresa Bereznicki Korol, Trevor Clarke

10th Canadian Edition

133249093, 978-0132164412, 132164418, 978-0133249095

More Books

Students also viewed these Law questions