Opinion ID: 2054882
Heading Depth: 1
Heading Rank: 1

Heading: land sale

Text: In August of 1984, Larson sold a parcel of land owned jointly by Ms. B and her sister for $81,000. Larson paid herself a three-percent commission on the sale price, $2,430, on October 23, 1984. On November 14, 1984, Larson deposited Ms. B's share of the sale proceeds, $33,753, into Ms. B's account. On the same day of the deposit, Larson wrote a check on Ms. B's account payable to herself for $9,000. At the disciplinary hearing, Larson testified that she thought she had cashed one of Ms. B's certificates of deposit and had inadvertently deposited the money into her own account. Upon discovery of her error in August of the following year, Larson did not promptly reimburse Ms. B's account. Larson's first restitution payment of $1,500 was not paid until May 6, 1986, and the full $9,000 was not repaid until March 25, 1989, more than four years after Larson had deposited the money into her own account. In a letter to Pembina County Social Services dated February 6, 1987, Larson explained her delay in reimbursing Ms. B's account by stating, when I discovered my error I was short on `cash flow' and just let it slide and did not get it [the money] into her account until she [Ms. B.] was running low on money.