Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

Exercise 1

Walkman, a student at Banes College, stole several new football helmets from the college sports locker room. He sold the helmets for a very low price to Favor, the owner of a local sporting goods store. After reading an article in the newspaper about the theft, the owner of the store was quite sure the helmets he purchased from Walkman were the ones that had been stolen. Nevertheless, he did not notify either the police or the appropriate college personnel that he had bought the helmets. Instead, he marked them for sale at a special price and placed them on a shelf with other football gear. Although he paid Walkman for the football helmets, is Favor liable for the commission of any crime? Is Walkman? Explain.