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Law of Agency > Commingling and Conversion > Flashcards

Commingling and Conversion Flashcards

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1
Q

Commingling is

A

mixing the clients’ funds with the agents’ own funds and is PROHIBITED.

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2
Q

Conversion is

A

spending the clients’ money as if it is the agents’, regardless of intention to pay it back or replace it.

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Law of Agency (47 decks)

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