For Business Crimes, Managers Cannot Be Held Criminally Responsible for the Conduct

question 9

True/False

For business crimes, managers cannot be held criminally responsible for the conduct of their employees.

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Definitions:

MBCA

Model Business Corporation Act, a template for state corporation statutes that provides legal guidelines for corporate governance and operations.

Articles of Incorporation

Legal documents filed with the state government to legally establish a corporation.

Proper Consideration

The requirement in contract law that something of value must be exchanged between the parties to form a valid contract.

Incorporeal Property

Refers to intangible assets owned by an individual or corporation, such as intellectual property, securities, and rights to financial accounts.