What is Defalcation?
A) The ruling of a judge to restore the assets wrongfully taken to their rightful owner.
B) The act of conspiring to commit perjury.
C) The process of finding stolen assets through financial statement analysis.
D) The appropriation of assets for the benefit of those who do not rightfully deserve them.

Question

Quizplus · Accepted Answer

Defalcation refers to the misappropriation or embezzlement of assets that rightfully belong to someone else for personal gain or benefit. This can involve the theft of money, property or other assets by an individual or entity that has been entrusted with their safekeeping.

What Is Defalcation