Welcome to the 1520 Perfect Dictionary
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| Disgorgement | |
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| DISGORGEMENT Definitions: i. A remedy requiring a party who profits from illegal or wrongful acts to give up any profit he or she made as a result of his or her illegal or wrongful conduct. ii. The act of giving up something on demand or by legal compulsion. [Wikipedia.] iii. A situation in which a person or organization is forced to pay back money that they have made in an illegal way. ______________________________________________________________________ * All eight elements should be in. 1. Redress is purposeful and necessary. 2. Amount declared as profit is correctly assessed. 3. Giving up is timely or promptly done. 4. Whatever returned confirmed as true and proper. 5. Extra costs not incurred by collector. 6. Definitely accomplished without the use of force. 7. Wrongdoer being shamed learnt a lesson. 8. Serves purpose(s) or achieves right objective(s). ___ Approved by public. Backed by the law. Cheater scorned. ___ Quote: "Check yourself often and correct your faults. Quit blaming others. Take responsibility for your own life. That's the only way you can grow!". - Mufti Menk. Quote: "The greatest gift that you can give yourself is self-love. Love yourself and life will love you back". - Roger Lee. Quote: "Your life is a result of your decisions and choices. Don't blame anyone else but yourself for your problems, Learn from them, grow from them". - Anonymous. | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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