Thus, when a contract is drafted that backdates to the date when the parties believe their agreement was reached, it may be unclear whether the backdating fabricates or memorializes.
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In November 1989, he became president of the company, a position he held until May 1991.
He was named chief executive officer in February 1991, and chairman of the board of directors in May of the same year.
Here, the event occurs before the document evidencing it can be executed, and the document simply memorializes the earlier event.
This is both a common and legitimate use of backdating.
Backdating encompasses a broad scope of conduct ranging from blatant fraud to the legitimate and common practice of executing a document after the event has already occurred.
This article provides a brief overview of how to distinguish legitimate backdating from improper backdating.Examples of legitimate memorialization: Simply put, if a document is dated before the occurrence of an event, the backdating is fabricated and improper.On the other hand, if the document is executed after the event has occurred but accurately reflects the date of the event, the backdating is a proper memorialization. He also owns Minnesota United FC, Minnesota's professional soccer team. (born 1948) is an American pulmonologist, lepidopterist, philanthropist, and healthcare executive, best known for his tenure as chairman and chief executive officer of United Health Group from 1991 until his resignation in 2006.On October 15, 2006, it was announced that Mc Guire would step down immediately as chairman and director of United Health.Tags: Adult Dating, affair dating, sex dating