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https://www.cengage.com/ XXXXXXXXXX chapter 7 and 8 choose one of the case briefs from each chapter it will be one page each brief cases in order to gain a fuller understanding of this topic. A...

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chapter 7 and 8 choose one of the case briefs from each chapter it will be one page each
brief cases in order to gain a fuller understanding of this topic. A briefing must include at least the four areas listed below, with the fifth optional, but very valuable if the student wishes to brief the case fully.　
1) The relevant facts, extracted from the case narrative;　
2) Identification of the issue(s);　
3) Holding(s) or ruling(s);　
4) Reasoning for the holding(s)/ruling(s);　
5) The dissenting opinion(s) and the accompanying reasoning.　

Answered Same Day Jul 30, 2021

Solution

Saloni answered on Aug 02 2021
144 Votes
Business Law Case Briefs: Chapters 7 & 8
Chapter 7 Case Summary- Can Jennings be prosecuted for Embezzlement ?
Relevant Facts
Jennings operated a courier service to collect and deliver money. The contract allowed him a day or so to deliver the money. But instead of keeping the money till delivery, Jennings made investment for short term. Although he always made deliver on time but he kept the profit from investment for himself. Therefore, he is guilty of embezzlement. Embezzlement involves dishonest and deceitful allocation of money that someone has been given responsibility of, to take advantage for their own benefit. It could be jewellery, cash, electronics, postage stamp or company checks.
Issue
Is Jennings prosecuted for embezzlement for keeping the profit of investment to himself ?
Holding
Yes
Reasoning
The main issue here is utilizing customers money for earning profits.
People trust him with money being delivered safely from one place to another. But instead Jennings is making short term investment. He is trying to skim off the top so that chances of being caught is less. He made all the deliveries on time which moreover made it...
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