Short of cash, Artemus went to Gus Grabb's Triple Globe Pawn Shop and pawned his most precious possession, an electric guitar. It had cost $950 new and after a year, it was still in perfect condition. The broker gave him a $200 loan for a maximum of 90 days with interest at 30% a year, and took the guitar as security. After 30 days, Artemus returned with $200 plus interest and asked for his guitar. Grabb no longer had it. He had received and accepted "an offer he could not refuse" of $750 cash from a good-faith buyer, who strummed a tune on the instrument and left, a happy man. Grabb is guilty of

Question

Short of cash, Artemus went to Gus Grabb's Triple Globe Pawn Shop and pawned his most precious possession, an electric guitar. It had cost $950 new and after a year, it was still in perfect condition. The broker gave him a $200 loan for a maximum of 90 days with interest at 30% a year, and took the guitar as security. After 30 days, Artemus returned with $200 plus interest and asked for his guitar. Grabb no longer had it. He had received and accepted "an offer he could not refuse" of $750 cash from a good-faith buyer, who strummed a tune on the instrument and left, a happy man. Grabb is guilty of

Quizplus · Accepted Answer

Grabb is guilty of conversion because he wrongfully took Artemus's property (the guitar) and sold it to someone else without Artemus's permission or the legal right to do so.

Short of Cash, Artemus Went to Gus Grabb's Triple Globe