direct conversion

The act of appropriating the property of another to one’s own benefit, or to the benefit of another.

• A direct conversion is per se unlawful, and the traditional requirements of demand and refusal of the property do not apply. [Cases: Trover and Conversion 3–5. C.J.S. Trover and Conversion §§ 8, 19, 21–30.]

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词条贡献者

译员蓉婧，欧洲知名商学院国际金融专业，专注翻译各种与美国证券法律有关的法律文件。