3. Your firm represents Irving Pick, the trustee in bankruptcy for Bernard Nadoff. Nadoff is the...

Transcribed Image Text:

3. Your firm represents Irving Pick, the trustee in bankruptcy for Bernard Nadoff. Nadoff is the infamous "entrepreneur" convicted of securities fraud for running a Ponzi scheme with the money that others invested with him. One of the investors, Bill Baird gave Nadoff a valuable sculpture as thanks for Nadoff "taking good care" of the money Baird invested with him. Baird's fifteen-year old daughter presented the sculpture to Nadoff who smiled at her and thanked her warmly. Nadoff declared bankruptcy and Pick is auctioning off many of Nadoff's personal possessions, including the sculpture. Baird has demanded its return, claiming that the gift was never completed, but was a conditional one. Remember that a completed gift requires The donor's donative intent, delivery of the item of gift, and acceptance by the donee Write an informal e-mail memo to the senior partner evaluating whether Baird can get the sculpture back. 3. Your firm represents Irving Pick, the trustee in bankruptcy for Bernard Nadoff. Nadoff is the infamous "entrepreneur" convicted of securities fraud for running a Ponzi scheme with the money that others invested with him. One of the investors, Bill Baird gave Nadoff a valuable sculpture as thanks for Nadoff "taking good care" of the money Baird invested with him. Baird's fifteen-year old daughter presented the sculpture to Nadoff who smiled at her and thanked her warmly. Nadoff declared bankruptcy and Pick is auctioning off many of Nadoff's personal possessions, including the sculpture. Baird has demanded its return, claiming that the gift was never completed, but was a conditional one. Remember that a completed gift requires The donor's donative intent, delivery of the item of gift, and acceptance by the donee Write an informal e-mail memo to the senior partner evaluating whether Baird can get the sculpture back.

Answer rating: 100% (QA)

Subject Evaluation of Bairds Claim Regarding Sculpture in Nadoff Bankruptcy Case Dear Senior Partners Name I hope this email finds you well I have tho... View the full answer