Carlos is an investment broker operating as a soleproprietor. William is his emp

Carlos is an investment broker operating as a soleproprietor. William is his employee. Juanita a new client givesWilliam $1000000 in cash to invest for her and William gives hera receipt. Instead of investing the money William takes the$1000000 and leaves the country. Carlos learns of the transactionfor the first time when Juanita appears at the office a month laterto discuss the allocation of her investments and shows him thereceipt signed by William. Juanita is upset to learn that Carlosdoes not have her money and tells him she is going to sue. Whatwill be the outcome of Juanitas suit against Carlos?