Executive Summary In early 2002‚ Chris Wornald‚ as the director of strategic alliances for RIM‚ believed the tremendous synergy value offered from the acquisition of Slangsoft and its importance for RIM’s future Asian market. However‚ after his successful presentation on the deal to senior executives‚ one piece of archived news on Jerusalem Post got the attention from RIM’s director of legal affairs. The widespread panic and paranoia among Slangsoft employees‚ unrealized revenue from HP and multiple
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Act and reinvigoration of the U.S. Foreign Corrupt Practices Act have placed pharmaceutical companies and all businesses on notice. Here’s practical help for conducting risk assessments‚ developing global policies‚ employee training‚ monitoring‚ due diligence on third parties and more. Not so long ago‚ pharmaceutical industry sales representatives commonly plied health care providers with golf outings and extravagant gifts. In 2006‚ I conducted an investigation at a multinational pharmaceutical company
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True/False Questions 1. Fraud is defined as failure to use reasonable care in the performance of services. Answer: False Difficulty: Easy 2. Most of the burden of affirmative proof is on the defendant under common law. Answer: False Difficulty: Medium 3. The Ultramares v. Touche case held that auditors could be held liable to any foreseen third party for ordinary negligence. Answer: False Difficulty: Medium 4. The Securities
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January 18‚ 2013 How do Administrative Controls demonstrate “due care”? Administrative controls consist of approved written policies‚ procedures‚ standards and guidelines. Administrative controls form the basis for the selection and implementation of logical and physical controls. Logical and physical controls are manifestations of administrative controls. Some industry sectors have policies‚ procedures‚ standards and guidelines that must be followed – the Payment Card Industry (PCI)
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the unfortunate King Oedipus‚ who was condemned by the oracle at an early age to murder his father and marry his mother. Despite the oracle’s grim prediction‚ Oedipus was responsible for his own downfall due to his overly proud and impetuous attitude‚ and his own intellect and diligence. In the polis of Thebes‚ Oedipus was the not only the king but he was also the hero of the community. The security and health of the community depended on him and he was expected to meet every urgent crisis
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parent company‚ it received a very warm response and the parent company agreed to provide the necessary financial support to make the acquisition happen. During the negotiation process issues arose surrounding management structure‚ Value and due diligence. While you had concerns there was nothing tangible that you could point to. While your concerns were noted by the board and minutes‚ parent company and other board members were keen to proceed with the acquisition. A deal was concluded with adequate
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Rules would like Corliss to conduct a background check to assess the potential risk of obtaining Jost as a client. The contract could prove to be quite lucrative for the firm as the company will need advice on international expansion. Since the bid is due to close fairly quickly she gives Corliss three days to report back to her. Corliss assembles his team which includes Lanny Beaudean who worked for the IRS for two years before joining the firm. Beaudean hopes to gain international experience with
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if not fulfilled when it becomes due and demandable‚ may be enforced in court through action; based on law; the sanction is judicial due process 2. NATURAL OBLIGATION – defined in Article 1423; a special kind of obligation which cannot be enforced in court but which authorizes the retention of the voluntary payment or performance made by the debtor; based on equity and natural law. (i.e. when there is prescription of duty to pay‚ still‚ the obligor paid his dues to the obligee – the obligor cannot
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Asfar and Co v Blundell (1896) 1 QB 123 Court of Appeal (Lord Esher MR‚ Lopes and Kay LJJ) Dates no longer merchantable as dates Facts A vessel‚ on board which dates had been shipped‚ was sunk during the course of the voyage‚ and subsequently raised. On arrival at the port of discharge it was found that‚ although the dates still retained the appearance of dates‚ and although they were of some value for the purpose of distillation into spirit‚ they were so impregnated with sewage and in such a
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Chapter 3 Review 1. What is the difference between law and ethics? The difference between law and ethics is that law is a set of rules and regulations that are universal and should be accepted and followed by society and organizations. Ethics on the other hand was derived from the latin word mores and Greek word Ethos means the beliefs and customs that help shape the character of individuals and how people interact with one another 2. What is civil law‚ and what does it accomplish? A wide variety
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