The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 10, Problem 2CT
Summary Introduction
Case summary:The person S was a finance director at company T. He has frequently complained to the General Manager C of one of the managers IM for his behavior and attitude. The General Manager could not fire the person IM as he brought a lot of business to the company. One day, while IM was dropping a cash envelope into a safe, it got stuck. The person S stole it. General Manager asked the responsible party to return the envelope within twenty hours to avoid criminal charges. The person S returned the envelope after the due hours. He was charged with embezzlement.
To Find:The reasons for conviction on grounds of embezzlement instead of larceny.
Summary Introduction
Case summary:The person S was a finance director at company T. He has frequently complained to the General Manager C of one of the managers IM for his behavior and attitude. The General Manager could not fire the person IM as he brought a lot of business to the company. One day, while IM was dropping a cash envelope into a safe, it got stuck. The person S stole it. General Manager asked the responsible party to return the envelope within twenty hours to avoid criminal charges. The person S returned the envelope after the due hours. He was charged with embezzlement.
To Find:The difference between embezzlement and larceny.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Thoughts regarding the Classical Theory of crime causation?
How can the courts use the presentence report to justice a more punitive or a less punitive sentence?
How can a company reduce the possibility that its employees may engage in unlawful activity? Discuss.
19-2. Duty of Loyalty.
Peter hires Alice as an agent to sell a piece of property he owns. The price is to be at least $30,000. Alice discovers that the fair market value of Peter's property is actually at least $45,000 and could be higher because a shopping mall is going to be built nearby. Alice forms a real estate partnership with her cousin Carl. Then she prepares for Peter's signature a contract for the sale of the property to Carl for $32,000. Peter signs the contract. Just before closing and passage of tittle, Peter learns about the shopping mall and the increased fair market value of his property. Peter refuses to deed the property to Carl. Carl claims that Alice, as Peter's Agent, solicited a price above that agreed on when the agency was created and that the contract is therefore enforceable. Discuss fully whether Peter is bound to this contract. (See Duties, Right, and Remedies of Agents and Principals.)
Chapter 10 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
Knowledge Booster
Similar questions
- Laud Humphrey 1970. Tearoom Trade: Impersonal Sex in Public Places. (Chicago: Aldine). In his book, Tearoom Trade (1970), Humphrey studied homosexual behavior by observing casual same-sex acts by male strangers who met at public restrooms in a park, referred to as “tearooms” by participants. He pretended to be a homosexual and acted as the lookout, known as the “watch queen,” whenever possible—a perfect opportunity to observed. To find out more about the participants, he secretly took down their license plate numbers when possible and used the police register to obtain their names and addresses. In disguise, he went to these men’s homes under the pretense that he was conducting a health survey, to gather more information about them. You are required to: Discuss the ethical issues involved in this study? Could the research have been done any other way that you deem to be ethical?arrow_forward1. What is an Ultra Vires act? How is it different from an illegal act? Explainarrow_forwardWhat is a reasonable victim standard? How does the court use it?arrow_forward
- You own a small business in Baldwin County, Georgia. One of your employees got busted out at Lake Sinclair (county jurisdiction, NOT city) for a first drug violation, which is considered a misdemeanor. Though you do not condone being high the job, you want to be there to support him. (1) What court would he appear in for his arraignment in Baldwin County (identify the court and the name of the judge)?arrow_forwardSecond-degree murder Involuntary manslaughter Burglary Larceny Forgery Extortion Embezzlement Cyber crime Money Laundering Fraud [Choose ] The taking of another's personal property other than from his or her person or building. The unintentional, unlawful killing of a human being by another person that is caused by a negligent or reckless act. The taking of personal property from another's home, office or commercial or other type of building. Knowingly engaging in a financial transaction involving the proceeds of an illegal activity. The fraudulent conversion of property by a person to whom that property was entrusted. The intentional, unlawful killing of a human being by another person that is not premeditated. The fraudulent making or alteration of a written document that affects the legal liability of another person. A threat to expose something about another person unless that other person gives money or property. Obtaining the title to property through deception or trickery A…arrow_forwardDemarco just graduated from Texas University and had been snatched up by Xeon Natural Resources Incorporated, one of the top natural resource extraction companies in the world. Because he was Brazilian, bilingual, and spoke several specific Brazilian dialects, his stationing in Brazil was a no-brainer. Xeon was deeply involved with a project within the Brazilian rain forests in mining an extremely valuable element called niobium. Niobium is a rare earth element essential for micro-alloying steel as well as other products such as jet engines, rocket subassemblies, superconducting magnets, and super alloys. Brazil accounts for 92 percent of all niobium mined, and Xeon Natural mines much of the element in Brazil. Xeon discovered a large niobium deposit and estimates the corporation could make an additional $5 billion in profits over the next two decades. Demarco soon discovered he was one of several employees assigned to explain to the indigenous population that Xeon wanted to extract the…arrow_forward
- Find another example of corporate espionage and writea brief report on it. Did the guilty party pay restitutionor serve prison time? Discuss what punishments, ifany, should be levied in cases of corporate espionage.arrow_forwardCompare and contrast the Durham and substantial capacity insanity tests with the M’Naghten test. Which test makes it more difficult for a defendant to prove in court? How different is the type and amount of evidence that needs to be submitted for each of the three tests? Which test do you think better serves the goal of only punishing people who can be considered worthy of blame for their behavior? Which test is better suited to serve the goal of deterring others from committing crimes?arrow_forwardWho may be called upon to do jury duty? What exemptions are there to this?arrow_forward
- Employee arrested after Eskom power station is hit by more oil theftLess than a year after Eskom uncovered an oil crime syndicate at its Tutuka power station in Mpumalanga, an employee has been arrested after more oil theft was uncovered at the power station.On Monday, the Eskom employee appeared in court after 10 drums of oil, worth R800 000, were stolen. Eskom said that following an internal investigation, and with the support of the Hawks, the employee appeared in the Standerton Magistrate's Court and was remanded in custody for a bail application. "We shall ensure that bail is denied, and that the employee faces the full might of the law," said Karen Pillay, generalmanager for Eskom Group Security. Last year, Eskom uncovered that a syndicate was stealing approximately R100 million worth of oil per month from Tutuka. In a separate incident at the Matla power station, cleaning contractors were arrested for allegedly stealing copper cables which they placed in a waste storage…arrow_forwardRead this case: The basis of Square Deal’s accusation of discriminatory housing practices is twofold.First, Square Deal sent two groups posing as potential renters to visit one of Peters’units (Prestige One). One group of potential renters was African American and onewas not. The African American potential renters were treated quite differently fromthe non–African American potential renters (for examples see Exhibit 11.2).Peters quickly conducted an internal investigation and found that the managerof Prestige One is indeed guilty of discriminatory practices. The manager claimsthat white renters are far more affluent, stay longer, pay rent on time, and don’tdamage property. This manager steers African American potential renters awayand is generally more receptive to other potential renters.Peters is surprised. This situation sullies a hard-won reputation. Peters beginsan internal audit of all properties and hires several management consultants tohelp deal with related personnel…arrow_forwardOn Friday July 6, Harpoon aka Poon met Margret Spike aka Spicey at the Black Coral Restaurant and Lounge and asked her to take 2 kilos of cocaine to Tirgress in London. Spicey accepted the offer, but being a poor, unemployed and underprivileged black girl from the slums of Lizard Town, St Andrew, she hardly had anything to begin with. Spicey selected the few better (there were no bests) pieces of clothing which she found hanging from nails on the walls of her one-room, makeshift shack. As she scrutinized them she realized that she must buy additional clothing if she was ever going to make that trip. She knew Poon would be giving her more money than she had ever held in all her life. On Mon July 9, Poon instructed Spicey to go to Travellers Choice and give her travel itinerary to an agent named Miss Fortune in order to get the cost of the ticket. She would return at a later date to purchase the ticket. While Spicey was speaking to Poon, she remembered that she had never owned…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education