SQE1 sample questions

Question 102

A man who has been working for an international bank has been charged with fraud by false representation. The man has been manipulating interest rates by making false statements about lending rates which has been to the general detriment of borrowers but to the commercial advantage of his employer.

Although the man knew that the statements he was making were false, he says that his behaviour was common practice in the banking industry and encouraged by his employers and that therefore he believed that what he was doing was not wrong. The man is facing trial for an offence of fraud by false representation.

Which of the following, if established, would result in the man being found not guilty?

A. His behaviour was common practice in the banking industry.

B. His employers encouraged his behaviour.

C. He made no financial gain for himself.

D. His intention was only to secure commercial advantage for his employers, not to cause loss to another.

E. He was not dishonest.


E - He was not dishonest.

Candidates who answered correctly: 61%


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