Final answer:
The law in question that specifies a maximum penalty for fraud represents an example of criminal law, under which the government prosecutes and punishes actions harmful to society.
Step-by-step explanation:
The law stating that the maximum penalty for fraud is $10,000 for each instance is an example of B) Criminal law.
Criminal law is defined as the body of law that prohibits actions that could harm or endanger others and establishes punishment for these actions.
Contrasted with civil law, where the disputes involve private parties, criminal cases involve the government charging an individual with a crime. In criminal law, the penalties are typically more severe, potentially resulting in loss of liberty or even life.
correct option B) Criminal law.