Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
10th Edition
ISBN: 9781337374835
Author: CROSS
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 5, Problem 7BCP
Summary Introduction
Case summary: The person H is an individual operating out of an apartment that is situated in Secane, Pennsylvania. He was able to convince VS, the president of the company KC, that he is a businessman who could help him in growing his business in the middle east. The person VS shared confidential documents with the person HI. HI then threatened VS and asked for money, or he would disclose confidential details to the public. The person VS refused to pay the amount and filed a suit in the district court.
To find :The person who has not behaved ethically in the above situation.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
list the penalities for insider trading under the securites Act of jamaica (conduct of business)
Jamie, who works as a conveyancer at your organisation, was acting on behalf of a client who was selling their property. You find out that the conveyancer was receiving kickbacks for recommending clients to a certain developer. While the gifts were not monetary, they were significant.
Over the course of a couple of months, Jamie received:
A fully paid trip to Fiji sponsored by the developer
Two tickets to see Jimmy Barnes at his next show
The conveyancer did not disclose to the client that they were also acting for the developer when they made the recommendation to go with the developer.
Apply the key principles and responsibilities of codes of conduct to this scenario and explain why Jamie is in breach of them and advise the relevant regulation.
Jose buys a jet ski for his 16-year-old son, Carlos. Carlos does not like it and Jose seeks to
rescind his purchase since the Jet Ski was to be used by a minor. Explain whether or not Jose
will be successful?
Chapter 5 Solutions
Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
Knowledge Booster
Similar questions
- In partnership with American Express, Porter Cable requests that all employees at the rank of supervisor and above apply for a corporate credit card to be used for pay for travel, training and similar expenses. Ima Krimnel, the manager of the distribution center, was issued a corporate card and used it to take her husband to Hawaii for their 20th wedding anniversary. If Krimnel does not pay the charges, is Porter Cable liable? Why or why not?arrow_forwardJohn works as an engineer for a technological company, and Maria works as a sales executive for a competitor business. Maria reminded John that her profession contains sensitive information, and she cautions him not to reveal anything he learns from her work to anyone. While attending a conference, John overheard two executives from Maria's company discussing a new product launch. He chooses to buy a modest amount of Maria's company's shares, intending to profit from the predicted increase in the company's stock price following the product launch. John double-checked his company's regulations to ensure that there was no conflict of interest or limitation on the purchase. However, as a result of unanticipated factors, the product introduction was delayed, and the stock price of Maria's company fell instead. Instead of the predicted profit, John's investment resulted in a loss. Question : Explain whether "Unacceptable" is correct or incorrect with respect to the relevant Standard. State…arrow_forwardJohn works as an engineer for a technological company, and Maria works as a sales executive for a competitor business. Maria reminded John that her profession contains sensitive information, and she cautions him not to reveal anything he learns from her work to anyone. While attending a conference, John overheard two executives from Maria's company discussing a new product launch. He chooses to buy a modest amount of Maria's company's shares, intending to profit from the predicted increase in the company's stock price following the product launch. John double-checked his company's regulations to ensure that there was no conflict of interest or limitation on the purchase. However, as a result of unanticipated factors, the product introduction was delayed, and the stock price of Maria's company fell instead. Instead of the predicted profit, John's investment resulted in a loss. Question : In the view of conflict of interest of ethics in financial analysis, state the key points of the…arrow_forward
- Goodward, a newly-hired newspaper reporter for The Cape Cod News, learned that the local cranberry growers had made an agreement under which they pooled their cranberry crops each year and sold them at what they determined to be a fair price. Goodward believes that such an agreement is in restraint of trade and a violation of the antitrust laws. Is he correct?arrow_forwardSalman v. United States was decided by the United States Supreme Court on December 6, 2016. The case revolves around the actions of Bassam Yacoub Salman, an individual who obtained insider information from his brother-in-law, Maher Kara. The Supreme Court, in the case of Salman, embraced the Ninth Circuit's interpretation, which states that an individual who provides insider information to a trading relative or friend obtains a personal benefit as an insider-tipper. The Court dismissed the additional conditions set forth by the Second Circuit in United States v. Newman. arrow_forward Step 2: Salman v. United States, Clarifying Insider Trading Law in the United States. Salman v. United States, decided by the Supreme Court in 2016, is an important case that clarified the law regarding insider trading in the United States. To understand the significance of Salman, it is essential to review the legal theories of insider dealing that preceded it, namely the Classical Theory, the…arrow_forwardDr. Pooneh Hendi Glascock, a female physician of Iranian origin, entered an “Independent Contractor Physician Service Agreement” with Linn County Emergency Medicine (LCEM) in May 2007 to work as an emergency room physician at Mercy Medical Center in Iowa. The Agreement was for one year and could be renewed for an additional year unless terminated by either party with 90 days notice. LCEM provided professional liability insurance for Glascock, but no benefits or vacation pay. The agreement guaranteed Glascock 15 shifts per month at an hourly rate of $130. Glascock submitted her monthly availability and scheduling preferences to LCEM, and LCEM assigned shifts. She also remained free to engage in other professional activities. Glascock filed her own self-employment tax returns. The Agreement gave LCEM no control or direction over the method or manner by which Glascock performed her professional services and duties. As the attending physician at Mercy Medical Center, she selected a…arrow_forward
- Russell R. Wasendorf, Sr., age 64, from Cedar Falls, Iowa, who stole more than $215,000,000 in customer funds from his commodity futures business, was sentenced today to 50 years in federal prison. Wasendorf received the prison term after a September 17, 2012 guilty plea to one count each of: mail fraud embezzlement of customer funds by a person registered under the Commodity Exchange Act making false statements to the Commodity Futures Trading Commission making false statements to a futures association registered under the Commodity Exchange Act Wasendorf was the owner and former chief executive officer of the now-bankrupt Peregrine Financial Group Inc. (PFG), a futures commission merchant headquartered in Cedar Falls, Iowa. In a plea agreement, Wasendorf admitted that, from about the early 1990s through about July of 2012, he stole millions of dollars from PFG’s customers. Wasendorf admitted he stole the funds, at least in part, by withdrawing money secretly from a customer…arrow_forwardAgents and employees of Deco Arts Corporation and Echo Imitations Inc. are convicted of conspiring to violate a federal law that is punishable by a term of imprisonment and a fine. Can the corporations be held liable for these crimes? If so, how can they be punished?arrow_forwardApollina, a successful model and actress, hires Isaac, an experienced Hollywood agent, to negotiate her movie deals. Isaac is on a golf course with Eunice, an executive at a Hollywood Studio, and the two get into a physical fight regarding Apollina's demands. Eunice sues Isaac for damages related to the fight. Who is responsible for Eunice's damages? Q Isaac because he was acting as an agent on behalf of Apollina. O Both Apollina and Isaac because they were both involved. Apollina, because she sent Isaac. O Neither Isaac nor Apollina if Eunice was acting as the Hollywood Studio's agent. O Isaac is responsible for his own lorts.arrow_forward
- 1. Should George have accepted the listing? George states, “I am not discriminating. The owners are the guilty party.” Can george filter potential buyers by credit score? By race? 2. Now that George has accepted the listing, could he be guilty of fair housing violations by association? Could he be innocent because he is only “following orders”?arrow_forwardVida Tunu is sexually harassed by a top-level senior executive in a large company. She sues the company, and during settlement discussions, she is offered an extremely large monetary settlement. In the agreement, Vida Tunu is required to confirm that the executive did nothing wrong, and after the agreement is signed she is prohibited from discussing anything about the incident publicly. Before the date scheduled to sign the settlement agreement, Vida’s lawyer mentions that she has heard the executive has done this before, and the settlement amount is very large because the company probably had a legal obligation to dismiss the executive previously. The company however wants to keep the executive because he is a big money maker for the company.a) Explain the issues of integrity, ethics and law posed in the case study? b) Will it be morally right to dismiss the top-level senior executive who is a big money maker for the company? Provide examples of your choice to explain your answer…arrow_forwardBy holding a knife to his back, Ed compelled Sean to sign a contract advantageous to Ed. This contract was entered under: 8888 false representation. improper threats. physical duress. undue influence.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education