Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Duress Johnny, the CEO of plastic spoon inc., is in a bit of a bind. His daughter was kidnapped. The kidnappers are demanding a hefty

Duress Johnny, the CEO of plastic spoon inc., is in a bit of a bind. His daughter was kidnapped. The kidnappers are demanding a hefty ransom. Unfortunately for Johnny, he cannot afford the ransom. So, Johnny withdraws the ransom money from plastic spoon’s account, and he pays the kidnappers. After returning with his daughter, the directors of the corporation notice the missing funds. The directors report the loss to the police. The directors suspect that Johnny misappropriated the funds, and they tell the police about their suspicions. The police search Johnny’s home without a warrant. They find a letter Johnny was writing that confirms that Johnny took the money for the corporation to pay the kidnappers. The police arrest Johnny, and he is charged with theft. Johnny is charged with embezzlement. The elements of embezzlement in this state are: the intentional taking of money or property by a CEO or other top official in a corporation without consent.

Are the elements of embezzlement present in this fact pattern?

•what affirmative defenses can Johnny raise?

•can Johnny get the letter seized by the police suppressed? Why?

Step by Step Solution

3.41 Rating (138 Votes )

There are 3 Steps involved in it

Step: 1

Embezzlement is the theft of assets from a business In this case the real meaning of embezzlement for legitimate purposes must include the deliberate taking of cash or property by a CEO or other top a... blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions

Question

=+2 Using the direct method, rework requirement 1.

Answered: 1 week ago