Question
make a journal entry and include a case analysis of 3.1 1-what is the case issue? 2-What is the rule that should be applied to
make a journal entry and include a case analysis of 3.1
1-what is the case issue?
2-What is the rule that should be applied to this case?
3-What are the Facts?
4- how this case can be concluded? Scott V. Carpanzno: Facts, Rick Scott deposited $2millon in an escrow account Maintained by a company owned by Salvatore Carpanzano. Immediately after the deposit was made, in violation of the escrow agreement, the funds were withdrawn. when Scott could not recover his money, he filed a suit against Salvatore Carpanzano and others, including Carmela Carpanzano 's daughter. In the complaint, Scott made no allegations of acts or knowledge on Carmela's part and Carmela denied. that she was involved in her father's business or the Scott transaction. Salvator failed to cooperate with discovery did not respond to attempts to contact him by various, refused to make on appearance in court, and did not finalize a settlement negotiated between the party's attorneys' Carmela indicated that she was relaying on her father to protect her interests in the lawsuit. the court issued a judgment for more than $6 million in Scott's Favor, finding that the defendants had willfully defaulted- that is intentionally failed to respond to the litigation. the defendants appealed to the U.S. Court of Appeals for the Fifth Circuit.
discuss this Would the result have been different if Carmela had been an active participant in her father's business?
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