Eli Vs Wally Case Study
Ethical Reasoning Essay
By: Tajid Ferdous (500497376)
Law 122
Anita John
500 words
November 13, 2014
This essay will examine the ethical and legal aspects of the Eli/BIC v Wally case. In this Case there are two ways to look at this scenario, which is to look at it legally and ethically. In legal aspects Wally cannot be sued because he is covered by limited liability, which protects from losing more assets than he invested. In Ethical perspective BIC should be able to sue Wally because he should be responsible for what happens to any of his businesses. Even if it means to lose some assets it would be the right thing to do. In Wally’s current sate he is neglecting his businesses and not showing any signs of care. Which side is right? …show more content…
The Ethical reasoning would be the right side to take because Wally choses to neglect the corporations under his name and instead looks to minimize loss. He uses legal aspects for justice, but justice is performing duties that are reasonably correct and that it is also fairly distributed between all parties (Mac Donald, 2014).
So far in this case we can see that choosing the ethical reasoning would mean that BIC can successfully sue Wally instead of Wally’s Electrical to fix this legal issue.
We can also see that Wally was unethically wrong in his actions. So how can he fix it? The first ethical reasoning BIC can use to resolve the legal issue is that Wally has shown negligence toward his businesses. How is that possible? Wally structured his corporations so he does not lose many assets. He’s allowed some of the businesses to have more assets than others. This make his some businesses not equal to the others. Wally should have distributed is assets fairly so that if Wally’s electrical was sued they would have had enough assets to pay for themselves (Mac Donald, 2014). Doing this will allow Wally to have good character because good character comes when someone does the kind thing for something else. For Justice to be right fully served Wally would need to sacrifice some of his assets to help Wally’s electrical and take action for what Wally’s electrical has done (Mac Donald, 2014). Wally should perform the right duties so that others don’t have to suffer. He needs to take initiate for things that he is a part of (Mac Donald,
2014).
This essay will conclude by saying that BIC can successfully sue Wally because Wally was ethically wrong for not taking part in one of the businesses under his name. He is responsible for the actions that his business does. It is the right thing for him to do. Doing this will allow Wally to have good character and virtue (Mac Donald, 2014). Wally should perform justice by distributing his assets in all companies equally. He should make it fair for the corporations, so that they don’t suffer when they are sued against by another party. It was ethically wrong for Wally to make all these mistakes but he can still fix his actions for the future.
References
Chris MacDonald, “Law 122 Ethical Reasoning Module”, Toronto, 2013, retrieved 2014
Mithchell McInnes, Ian R. Kerr, “Managing the law The legal aspects of doing Business 4th edition”, 2012
By: Tajid Ferdous (500497376)
Law 122
Anita John
500 words
November 13, 2014
This essay will examine the ethical and legal aspects of the Eli/BIC v Wally case. In this Case there are two ways to look at this scenario, which is to look at it legally and ethically. In legal aspects Wally cannot be sued because he is covered by limited liability, which protects from losing more assets than he invested. In Ethical perspective BIC should be able to sue Wally because he should be responsible for what happens to any of his businesses. Even if it means to lose some assets it would be the right thing to do. In Wally’s current sate he is neglecting his businesses and not showing any signs of care. Which side is right? …show more content…
The Ethical reasoning would be the right side to take because Wally choses to neglect the corporations under his name and instead looks to minimize loss. He uses legal aspects for justice, but justice is performing duties that are reasonably correct and that it is also fairly distributed between all parties (Mac Donald, 2014).
So far in this case we can see that choosing the ethical reasoning would mean that BIC can successfully sue Wally instead of Wally’s Electrical to fix this legal issue.
We can also see that Wally was unethically wrong in his actions. So how can he fix it? The first ethical reasoning BIC can use to resolve the legal issue is that Wally has shown negligence toward his businesses. How is that possible? Wally structured his corporations so he does not lose many assets. He’s allowed some of the businesses to have more assets than others. This make his some businesses not equal to the others. Wally should have distributed is assets fairly so that if Wally’s electrical was sued they would have had enough assets to pay for themselves (Mac Donald, 2014). Doing this will allow Wally to have good character because good character comes when someone does the kind thing for something else. For Justice to be right fully served Wally would need to sacrifice some of his assets to help Wally’s electrical and take action for what Wally’s electrical has done (Mac Donald, 2014). Wally should perform the right duties so that others don’t have to suffer. He needs to take initiate for things that he is a part of (Mac Donald,
2014).
This essay will conclude by saying that BIC can successfully sue Wally because Wally was ethically wrong for not taking part in one of the businesses under his name. He is responsible for the actions that his business does. It is the right thing for him to do. Doing this will allow Wally to have good character and virtue (Mac Donald, 2014). Wally should perform justice by distributing his assets in all companies equally. He should make it fair for the corporations, so that they don’t suffer when they are sued against by another party. It was ethically wrong for Wally to make all these mistakes but he can still fix his actions for the future.
References
Chris MacDonald, “Law 122 Ethical Reasoning Module”, Toronto, 2013, retrieved 2014
Mithchell McInnes, Ian R. Kerr, “Managing the law The legal aspects of doing Business 4th edition”, 2012