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It governs how a business is run, and if any violations are made, the owners or directors of the business is deemed legally liable. There are legal punishments in the form of corporate revocations and fines for violations (Halbert & Ingulli, 1990). The two terms “business law” and “ethics” are not similar though they are linked to the business environment. The public scrutinizes a business that is not running ethically, and there is a normally tough analysis of the legitimacy of their actions. Halbert and Ingulli (1990) state that although business laws ensure that a company is run in a legal manner, the ethics of a business regularly establish whether the business is surpassing the limits set upon by law if not breaking them unintentionally. For example if a business that deals in the mining of fluorine dumps its wastes in the rivers the action may be legal. However, the action may be unethical if the activity is done wrongly.
According to Armentano (1996), antitrust and monopoly are other business terms that go hand in hand with each other. Antitrust law is a set of rules that prohibit the unfair business practices. Monopoly is the business practice that involves a few businesses being the suppliers of products in a huge market. The antitrust laws are set up to promote competition in the market. Certain business practices are deemed illegal if they impair business practices and affect the consumers in any way. Armentano (1996) affirmed that, illegal practices are viewed to be unethical in the business environment as they lead to market and business failure. Practices that lead to unethical activities in the business world are considered illegal according to the antitrust law. Monopoly is the act of a single entity controlling the market price of a certain commodity (Armentano, 1996). Monopoly is brought about by lack of competition in the market; one or few companies dominate the business industry. The few
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The state through the investigators e. The parents of Amanda and Ashley Finn 3. a. Defendant 1: Alvin Wilkerson, the driver of the truck who plowed into the car and school bus b. the owner of the truck , Crete Carrier Corp., the Lincoln, Neb., trucking company 4.
During the flood, the water in the river rushes out of the river and risks the lives and the property of people residing nearby. On the other hand it harms the irrigated fields and plants. It is the force of water that is considered the most dangerous during the flood.
Procedural laws can be exemplified by such laws as the ones pertaining to rights of citizens. This ensures that the jury makes staunch decisions after following the procedural laws. Substantive law has its roots from the traditions set by different
hin the borders of the country, the laws and the consequence of breaking this law applies to her and her business hence she would only be allowed by the law to offer employment to only legally recognized individuals. Patricia is therefore required by the law to verify the
Some of the conditions are competence and the legitimacy of the contract. The intentional torts are part of the failure of the health care provider to behave in a way considered appropriate under the circumstances given. Negligence too is to fail intentionally to provide
Real estate agents are the professionals tasked with the understanding and management of the industry and are commonly known for the services that they offer in helping people to sell, buy or rent properties of various aspects (Levy & Hapgood, 2007). This
econdly, the mean behaviour towards Barbara has caused serious issue as she has the right to make legal claim against whole team and the organization. It is unethical and unacceptable that the male employees assess the attributes of her body. Thirdly, it is more serious. Being a