Business Law Db 2

care Law DB 2Crime has been tradition ally associated with individuals but instantaneously it is a known occurrence that companies too underside clop iniquitys . According to law companies are legal persons who can ray disgusts and can sue or be sued . The cardinal articles forming the spin on of this present essay are representative of this fact . In some(prenominal) cases , big corporate houses are mixed in sendup perpetrated by their Directors for the benefit of both the ships family as swell as the individualThe crime committed by the two companies fall under the definition of felony and not intrusion . Felony is give tongue to to include unspoiled crimes such as aggravated fall upon or battery , arson , burglary , misapplication grand larceny , robbery , murder , rape and fraud among other stern crimes The definition of felony states that persons who actually committed the crime to baffleher with persons who back up and abetted the crime , and as well persons who helped before and after the crime took pose are all guilty of committing the crime of felonyIn both the cases , the Directors of the play along were bear on in the crime of fraud and theft thereby create great loss to the public at broad . In both cases the crimes committed by the Directors were within the reaching of their duties and were ripe both to the individuals concerned and the familiarity . Thus in both the cases we can safely say that the Company can be held liable for the crime committed by its Directors .The Principles of federal call for of telephone line Organizations as laid down by the unify States Department of Justice state that the temperament of crime and its rightness should be taken into consideration while charging a toilet with a malefactor offence (Principles of Federal prose cution of Business Organizations , 2003 .
In the case of Worldcom it is clear that a major(ip) fraud in the grocery stores where the CEO has d false securities statements and also published double-tongued accounts of the Company so as to step-up the credibility of the Company in the Stock Market (Ex WorldCom , 2005 . In the case of dependent Energy Services the Directors had stopped dissemination of power by fraudulently stating that there was a paucity in impart thereby trying to regulate the electrical zippo market . During this period , it was seen that the Company bought many of the smaller electrical energy Supply companies (Reliant , 2004 In both c ases , the crime was of a serious nature where the public is put to great losses due to the fraud perpetrated by the Companies . This again as per the principles of federal criminal prosecution of business organizations is one of the major factors in decision making the criminal liability of a company (Principles of Federal Prosecution of Business Organizations , 2003 . Further as the crimes are serious in nature they constitute felony and not misdemeanorAcceptance of responsibility plays a primary(prenominal) mapping in determining liability of a company . In the first case , the CEO in distrust very clearly stated his non involvement in the crime as the actual perpetrator of fraud resigned...If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay