Define trespass to personal property and conversion, and discuss the difference between the two torts.
What will be an ideal response?
Intentional interference with personal property in the possession of another is a trespass if it (1) harms the property or (2) deprives the possessor of its use for an appreciable time. Consent and privilege are defenses to trespass to personal property. Conversion is the unlawful taking of or exercise of control over the personal property of another person. The essence of conversion is the wrongful deprivation of a person's personal property rights. A plaintiff's remedy for conversion is the reasonable value of the property. Some courts reduce the plaintiff's damages when the property can be returned unharmed and the defendant's conversion was the result of an honest mistake. The difference between conversion and trespass to personal property is based on the degree of interference with another's property rights. Courts consider such factors as the extent of the harm to the property, the extent and duration of the interference with the other's right to control the property, and whether the defendant acted in good faith. The greater the interference and lack of good faith, the more likely the act will be considered to be conversion, for which the defendant must pay the reasonable value of the property.
You might also like to view...
General Motors' handling of charges by Ralph Nader that their Corvair was "unsafe at any speed" is an example of corporate public relations professionals' failure to ________
A) interpret and convey to management what the public really thinks B) analyze and convey to the public why management feels the way it does C) understand how corporate influence can change public opinion D) interpret how public influence can be ignored if it is in the best interest of shareholders
Answer the following statements true (T) or false (F)
Post-earnings-announcement drift refers to the fact that it takes up to 90 days for security prices to react significantly to earnings announcements.
__________is the effort to capture media attention—for example, through articles or editorials in publications or through human-interest stories on radio or television programs
Fill in the blanks with correct word.
Use the following to answer questions 10?12:Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter dollar amounts. (Note that "Not Affected" means that the event does not affect that element of the financial statements or the event causes an increase in that element that is offset by a decrease in the same element.)Increase = IDecrease = DNot Affected = NALandau Company replenished its petty cash fund. The expenditures of the fund included postage, office supplies, and other miscellaneous items. Indicate the effects of recognizing the expenditures on financial statements and the replenishment of the petty cash fund. src="https://sciemce.com/media/4/ppg__10830192020__f1q327g1.jpg" alt="" style="vertical-align: 0.0px;" height="68" width="594" />
What will be an ideal response?