Discussion forum for Tecumseh Cafe A and B

Tecumseh Cafe A and B Discussion forum

Re: Tecumseh Cafe A and B Discussion forum

by Franco Angelo Bayle -
Number of replies: 0
From another angle, Mrs. Rayburn does have the right to seek damages from them. Her associates, Mr. Rayburn and Mrs Harris, may be guilty of "embezzlement", which is the "theft of money or a business asset by a person in a position of trust within the company". Her ex associates also have broken their “fiduciary duty” to protect the company in which they are a partner, co-owner or shareholder. The criminal offenses of embezzlement are strong bargaining chips to recover the lost money or property, and effectively remove them as partners. (Watkins, 2017)
(https://www.hg.org/legal-articles/what-happens-when-a-partner-or-co-owner-is-stealing-from-the-company-37100)

The stolen asset involved in this scenario was the cash register with the content and this was presumably taken by her ex partners. If she were to exercise her right fully, she would still be able to because she can produce detailed receipts for every expenditure as well as the details of these purchases to back up her account.

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