https://www.topgradeaccountants.com/wp-content/uploads/2020/07/LOGO-TG1.png 0 0 milton https://www.topgradeaccountants.com/wp-content/uploads/2020/07/LOGO-TG1.png milton2020-11-28 00:41:482020-11-28 00:41:48Louie had not looked at the banking records for several months, and decided to go through the recent
Louie had not looked at the banking records for several months, and decided to go through the recent bank statements. Louie saw to his horror that Bob had been writing bad checks on the account to their suppliers; the bank was threatening to close the checking account and some suppliers had started to ship parts on a “COD” (cash on delivery) basis. Louie decided to hire an investigator to see what was going on. The investigator discovered that Bob had been taking most of the cash out of the register during his shifts and had started a competing business selling auto parts at local swap meets. The investigator also observed Bob taking inventory from Louie & Bob’s Italian Autoparts and selling it at the swap meets. Please answer the following three (3) questions: (1) Can Louie sue Bob in tort for his actions? If so, what torts do you think he committed? (Limit yourself to the torts described in the textbook). (2) Can Bob be criminally prosecuted for his actions? If so, what crimes do you think he committed? (Limit yourself to the crimes described in the textbook). (3) Explain the differences in the procedures that take place in (1) a civil lawsuit filed by Louie against Bob to recover damages for Bob’s conduct, and (2) a criminal prosecution of Bob for the same conduct.