Mt. Sac Busl 19 – Sam Was About To Sell A $1 Million

Sam was about to sell a $1 million life in­surance policy to a prospective customer when he resigned from his position with Equity Life. Before resigning from the company, he had expended substantial amounts of company money and had utilized Equity’s medical examiners to procure the $1 million sale. After resigning, Sam joined a competing insur­ance firm, Jefferson Life, and made the sale through it. Has Sam breached any duty to Equity Life?

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Mt. SAC BUSL 19 – Sam was about to sell a $1 million

Question

Sam was about to sell a $1 million life in­surance policy to a prospective customer when he resigned from his position with Equity Life. Before resigning from the company, he had expended substantial amounts of company money and had utilized Equity’s medical examiners to procure the $1 million sale. After resigning, Sam joined a competing insur­ance firm, Jefferson Life, and made the sale through it. Has Sam breached any duty to Equity Life?

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