Legal Question in Business Law in New York

You have recently been hired to run the accounting department for Ajax Enterprises. Despite increasing sales, Ajax has had financial problems recently. As you review the books for Ajax, you notice some entries which trouble you. Upon further investigation, you discover that the former head of the accounting department was utilizing company funds for his personal use. When you call him to verify this, he admits having taken the funds and tells you that he is in the process of procuring a loan and will pay the entire amount back to Ajax. He asks that you not tell anyone at Ajax or anywhere about this matter since he has just started a new job as Chief Financial Officer for a Fortune 500 company. If he loses the job, it may cause him to not be able to procure the loan and, therefore, ruin his ability to repay Ajax. You know that, if he cannot repay Ajax, the financial result would be severely damaging to its business. What actions if any, will you take? Explain why?


Asked on 12/06/11, 4:44 pm

3 Answers from Attorneys
Kristen Browde Browde Law, P.C.

I would call the Dean of the Law School and report that a student is cheating on the exam by trying to get attorneys to answer the essay question.

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Answered on 12/06/11, 4:47 pm
Christopher Moye The Law Office of Christopher Moye

I was going to say the same thing, Counsellor. You are so right David. I have seen this questions frequently on LawGuru and that's why I am devoting more of my time to LawPivot.com. This is absolutely pathetic and I'm shocked by this law student's lack of ethical integrity.

Is there anyone at LawGuru mediating these questions...at all? This question should be deleted immediately.

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Answered on 12/07/11, 5:24 am
Walter LeVine Walter D. LeVine, Esq.

Make that unanimous! I also interpreted this as a law school test question and/or a bar review question.

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Answered on 12/07/11, 8:48 am


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