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No, the two are completely different legal concepts and have nothing to do with one another. A broken, or breach of contract falls under the law on contracts. Conversion, or civil theft, falls under the law of torts. The remedy for a breach of contract is to give the non-breaching party damages so that he gets the benefit of his original bargain. The remedy for conversion is compensatory damages in the amount of the value of the item converted plus, perhaps punitive damages, since conversion is an intentional tort.
What else can I help you with?
What is the difference between conversion and theft?
Nothing
What is the theft of property without the use of force or violence?
It could be theft, petty theft, burglary, or theft by conversion depending on the circumstances of the situation.
What are the crimes against property?
Malicious Destruction Theft Larceny by conversion Larceny by trick petit theft Grand Theft .
Can you sue people for theft?
Yes. Theft is a tort (a civil wrong) known as conversion or misappropriation.
What are seven crimes against property?
Malicious Destruction Theft Larceny by conversion Larceny by trick petit theft Grand Theft .
What is a cessation clause?
In a contract, it means the terms by which the contract can be broken
Is a license a legal contract?
Yes. Terms in the contract dictate which sanctions will occur if the contract is broken.
What type of contract requires a law to be broken?
It would not be a valid contract. A contract to break the law is illegal.
What is the law that is broken for pawning another persons property?
It is theft.
If someone buys something from you sells it on and does not pay you Is it theft by conversion?
It would not be considered theft. Once someone buys something from you, it is theirs. They can do whatever they want to do with it.
What is the penalty for theft by conversion?
Whether or not theft by conversion is a felony depends on the value of the theft. Generally, if the value is over 5,000 dollars, it is a felony. Some states have a lower value to qualify as a felony.
According to the declaration of independencewho had broken the unwritten contract between the king and his colonial subjects how?
According to the Declaration of Independence who had broken the unwritten contract between he king and his colonial subjects
