Carlos is an investment broker operating as a sole proprietor.William is his emp

Carlos is an investment broker operating as a sole proprietor.William is his employee. Juanita a new client gives William$1000000 in cash to invest for her and William gives her areceipt. Instead of investing the money William takes the$1000000 and leaves the country. Carlos learns of the transactionfor the first time when Juanita appears at the office a month laterto discuss the allocation of her investments and shows him thereceipt signed by William. Juanita is upset to learn that Carlosdoes not have her money and tells him she is going to sue. Whatwill be the outcome of Juanitas suit against Carlos? A. Juanita will lose the casebecause was not informed of the transaction. B. Juanita will lose the casebecause she cannot find William to serve him with a lawsuit. C. Juanita will recover a judgmentagainst Carlos for the entire amount. D. Juanita will recover a judgmentagainst Carlos for half the missing money.

You can leave a response, or trackback from your own site.
error: Content is protected !!