whether it is Act or Rule‚ is to promote the greatest overall utility for the given situation. If we look in terms of Utilitarianism‚ one would be in favor of killing Tom to save the other four children. Even though‚ Tom would be killed‚ he would promote overall utility by saving four people through his one body. This reminds me a lot of the Trolley problem we studied in Unit five. They killed one man to save multiple. This may be considered immoral in a way‚ but according to Act Utilitarianism
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and values to uphold at all times‚ unprofessional acts in a work environment should be at its utmost minimum to prevent a hostile environment. These acts range from insubordination to bullying and intimidation‚ no one deserves to experience such acts and proper consequences should follow. Corporations all over the world experience unprofessional acts on a daily basis from employees and higher officials‚ their policies should not approve of these acts therefore the policies should be held to a higher
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violated the FTC Act because they caused substantial financial loss to consumers with something they couldn’t reasonably avoid (ftc.gov‚ Item 32‚ p. 10 (n.d.). Amazon sold these items without requiring a password so the charges were in the millions of dollars. Apple settled with the FTC for a similar issue in the sum of $32.5 million (ftc.gov‚ 2014). But Apple didn’t settle like Apple did and they claimed that their case was different because their facts were different than the Apple case (FoxNews‚ 2014)
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The psychological contract is a little difficult to define because as George (2009‚ pg3) states it ‘is implicit in that it is unspoken‚ unwritten and often only becomes apparent when it is breached‚ causing feelings of violation’ none the less it is extremely important part of the business and can be what ‘binds the employee and the employer together’ (Robinson and Rousseau‚ citied in George 2009 pg4) ‘through the mutual expectations of input and outcome’ outlined by Businessballs (2010) CIPD (2004
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It is trite law that an insurer under a contract of indemnity insurance‚ who has satisfied the claim of the insured‚ is entitled to be placed in the insured’s position in respect of all rights and remedies against other parties which were vested in the insured in relation to the subject-matter of the insurance1. Where the insured has proceeded against the third party after the insurer had paid out the claim and without the insurer’s authority as happened in Visser v Incorporated General Insurances
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enter into a short futures contract to sell July silver for $17.20 per ounce. The size of the contract is 5‚000 ounces. The initial margin is $4‚000‚ and the maintenance margin is $3‚000. What change in the futures price will lead to a margin call? What happens if you do not meet the margin call? Problem 5.2. What is the difference between the forward price and the value of a forward contract? Problem 5.3. Suppose that you enter into a six-month forward contract on a non-dividend-paying stock
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for breach of contract regarding the bees and hives‚ Buyer must establish that there was a valid contract. To establish breach of contract‚ Buyer must show there was an offer and acceptance supported by consideration. Bilateral Contract One in which there are mutual promises between two parties to the contract‚ each party is both a promisor and a promise. Right and duty on each side‚ in which a promise is established on both sides. UCC or Common Law UCC governs contracts under the sale
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Zidisha Microfinance Member Legal Contract This is a legally binding contract between (Applicant Name) ____________________________________________ of Address ____________________________________________________________________________________ and National Identity Number ___________________________ and Zidisha Inc. (Zidisha)‚ a nonprofit organization located at 21900 Muirfield Circle #302‚ Sterling‚ Virginia 20164 United States. I‚ (Applicant Name) ____________________________________________
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Sample Contract Exercise Contracts are the bloodline of business. Thus it is absolutely crucial that you understand what you are or your business is signing. We have looked at some common clauses found in contracts like restraint of trade clauses‚ exclusion clauses and liquidated damages clauses. In addition to these‚ there are many other common clauses and the purpose of this exercise is to highlight these clauses as well. If you do a simple search in the Internet you will realize that many of
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EMPLOYMENT CONTRACTS An employment contract is made between an employer and employee where the employer agrees to offer a salary in return for the employee performing duties. The purpose of a contract of employment is to draw up rules and regulations concerning the rights‚ obligations and conditions between an employer and employee. It generally states the relationship between the two parties. Any breach of contract by any side is not acceptable by law. Contractual entitlements often include:
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