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Question: Zaks, the owner of a hairstyling salon,


Zaks, the owner of a hairstyling salon, Locks Unlimited, applied for a bank loan to buy new hairdryers and other equipment she felt were needed to attract new customers. To enhance her chances of getting the loan, she told the bank that she owned considerable equipment and furniture, although most of the equipment and furnishings in the shop were actually rented.

a. If Zaks’s deception were discovered, is it likely that she could be charged with false pretenses?
b. If the bank accepted the false statements at face value, did the bank perform responsibly?
c. Could Zaks be charged with extortion?
d. Could the banker be charged with bribery?

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