Commonwealth v. Beneficial Finance Co.
Massachusetts Supreme Judicial Court
275 N.E.2d 33 (1971)
Beneficial Finance Company (Beneficial) (defendant), and several other corporations, were convicted of bribing, and conspiring to bribe, state banking officials with the intent of obtaining favorable treatment from the state’s Small Loans Regulatory Board. Beneficial’s conviction was based on the actions of employees who were neither officers nor directors of the corporation. One of the employees, Farrell, was an officer and director of a wholly-owned subsidiary of Beneficial. Another employee, Glynn, reported to Farrell but was paid by a separate wholly-owned Beneficial subsidiary. Beneficial appealed the conviction, arguing that the court applied an improper standard for determining the criminal responsibility of a corporation.
Rule of Law
Holding and Reasoning (Spiegel, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 166,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 13,800 briefs, keyed to 187 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.