Is the above legal and why

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Reference no: EM133314141

Question: Your good friend Alex decided to take a `gap year' to take up a year-long internship at a prestigious investment bank in Hong Kong which counts many local tycoons amongst its clients. When he met up for lunch with you recently he told you of a matter that have troubled him since the Chinese New Year namely

a tycoon customer giving Alex a $20,000 lai see for the Chinese New Year of his own free will which Alex did not decline for worry that he would offend the customer and/or get into trouble with his bosses.

is the above legal and why?

Reference no: EM133314141

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