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Question
Jeff, as agent, is paid $5,000 owed by a debtor of Lee, Jeff's principal. Instead of giving it immediately to Lee, Jeff invests it in the stock market. Luckily, the market price of that particular stock rises to $10,000 before Lee learns of the wrongdoing. Under these circumstances:
A. Jeff cannot be sued as the money was put to good use.
B. Lee is entitled only to $5000.
C. Lee is entitled to all of the stock.
D. Jeff can be sued for an indefinite amount on account of his misconduct.
Answer
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Related questions
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