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Question
Which of the following is generally true regarding the tort of conversion?
A. It involves both real property (land and interests in land) and personal property.
B. As its name implies, conversion always involves the transformation of the plaintiff's property into something elsee.g., its destruction, alteration, etc.
C. A defendant who buys or sells stolen property may be liable for conversion even if she does so in good faith and without knowledge of the theft.
D. Conversion involves all interferences with the plaintiff's property rightswhether serious or nonserious.
Answer
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Related questions
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Which of the following was the earliest federal legislation enacted to protect water bodies against pollution?
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There are three major defenses to price discrimination under the Robinson-Patman Act.
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Q:
The maximum penalty for a criminal violation of the 1933 Act is a:
A. $20,000 fine and one year imprisonment.
B. $10,000 fine and five years' imprisonment.
C. $20,000 fine and five years' imprisonment.
D. $10,000 fine and one year imprisonment.
Q:
Nast Corp. orally engaged Baker & Co., CPAs, to audit its financial statements. The management of Nast informed Baker that it suspected the accounts receivable were materially overstated. Although the financial statements audited by Baker did, in fact, include a materially overstated accounts receivable balance, Baker issued an unqualified opinion. Nast relied on the financial statements in deciding to obtain a loan from Century Bank to expand its operations. Nast has defaulted on the loan and has incurred a substantial loss. If Nast sues Baker for negligence in failing to discover the overstatement, Baker's best defense would be that:
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Q:
In which of the following contexts is a professional most likely to experience a nonclient action?
A. An accountant who prepares and audits financial statements of companies.
B. A consultant who gives advice to companies for improving performance.
C. A securities broker who provides investment advice to retail investors.
D. An attorney who advises companies on corporation and business laws.