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Posted: April 14th, 2024
Jones and Wilson were on trial, separately, for larceny of a $1,000 bearer bond
Jones and Wilson were on trial, separately, for larceny of a $1,000 bearer bond (a bearer bond is a bond that is payable to the holder of the bond, not a named person) issued by Brown, Inc.the commonwealthâs evidence showed that the owner of the bond put it in an envelope bearing his name and address and dropped it accidentally in the street; that Jones found the envelope with the bond in it; that Jones could neither read nor write; that Jones presented the envelope and bond to Wilson, an educated man, and asked Wilson what he should do with it; that Wilson told Jones that the finder of lost property becomes the owner of it; that Wilson told Jones that the bond was worth $100 but that the money could be collected only at the issuerâs home office; that Jones then handed the bond to Wilson who redeemed it at the corporationâs home office and received $1,000; that Wilson gave Jones $100 of the proceeds.Is Wilson guilty of committing a crime?If so what was the crime?Is Jones guilty of committing a crime?If so, what was the crime?Please explain.
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