Aldus is an officer of Accent Interior Designs Inc.While working in one of the houses of Accent's clients, he stole a ring.He gave it back, but was convicted of theft and fined $1000.Accent wants to indemnify him for the fine.It cannot pay an indemnity in these circumstances.

Question

Quizplus · Accepted Answer

Accent Interior Designs Inc. cannot indemnify Aldus for the fine as it is a consequence of his own wrongdoing. The company cannot endorse or encourage illegal actions by its employees.

Aldus Is an Officer of Accent Interior Designs Inc