Anderson Clock Company is in the business of selling and repairing clocks. Jay purchased a grandfather clock from them. Laurie had left the clock at Anderson's for a cleaning and calibration. When Laurie found out the clock had been sold, she contacted Jay and demanded he return it. Must Jay comply with Laurie's demand? What other options does she have?
?No. When Laurie left the clock at Anderson's she created a bailment. Because Anderson is in the business of selling clocks, Anderson passed title to Jay as a good-faith purchaser. Laurie has a cause of action against Anderson for conversion. If Anderson sold the clock knowing it belonged to Laurie, some states could consider the sale a crime such as larceny. All legal proceedings will involve Anderson, Laurie and possibly the government. However, Jay has good title to the clock and is the rightful owner.
You might also like to view...
The most common occupational frauds in small businesses involve employees doing all of the following EXCEPT:
a. skimming revenues. b. fraudulently writing company checks. c. processing fraudulent invoices. d. altering financial statement.
Mimi is redesigning the compensation mix at her organization to include more family-friendly benefits such as child and elder care. Mimi is considering ______.
A. ability to pay B. types of compensation C. wage compression D. skill- or competency-based pay
Answer the following statements true (T) or false (F)
1. Recipients of change are usually passive participants. 2. In addition to thinking about personal impacts, employees think about the benefits of change to the organization. 3. Employees will always be either entirely in favor or entirely against any particular change initiative. 4. If stakeholders are feeling ambivalent, leaders should help people make sense of the proposed change.
Can a paragraph be disorganized but still remain effective if it is written well?
A) Yes. B) No.