Course: Legal & Ethical Environment Professor: Dr. Libertella Chapter 16 Business Ethics Perspective P419 1. Stewart was not an insider of ImClone and she received the tip from her stockbroker. Does she have an ethical obligation to ask where the tip came from or why the broker was recommending selling the stock? Does the fact that Stewart was an officer and director of a publicly traded corporation require her to use higher ethical standards when buying and selling stock of other companies
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considered as separate legal entities. Additionally‚ whether the concept of corporate veil applies to the corporate groups (between Casino Ltd and Caterers Ltd). 2. Is it possible to lift or pierce the corporate veil of corporate groups on the basis that: (a) there is an implied agency relationship between the companies in the group? (b) the subsidiary company is incorporated to avoid a contractual obligation? 3. Has the company breached Section 596 of the Corporations Act? -------------------------------------------------
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The legal system of the United States of America is very similar‚ almost to the point of being identical‚ to the legal system of the English-speaking Caribbean.”Discuss. The legal system of the United States of America and the English speaking Caribbean are predominantly common law legal systems. Both legal systems share a number of similarities; however‚ there are quite a number of pronounced differences that would make it impossible for one to conclude that both systems are similar to the point
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lawful actions. Compliance is the following and meeting of rules and/or standards. Compliance can been seen throughout the marketing industry whenever there are no difficulties or complications in the industry. The Competition and Consumer Act 2010 (Cth) is an act set in place to encourage fair and efficient competition within markets and to deliver protection for consumers. Contracts‚ clauses‚ negligence‚ marketing regulation and occupational licensing each fall under Australian Consumer Law and its
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When most people think of marijuana‚ they imagine a teenager down in his basement getting high while his friends play video games. What people do not know is that the teenager had just got back from chemotherapy and found that smoking marijuana was the only way to stop himself from feeling nauseous. When people hear stories like this they do not know what to think about medical marijuana. It is therefore very important to look in depth at the effects and potential uses for this trending medicine
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’ (Classroom material p.1) Legal advice is important to civil cases but even more in criminal cases where liberty of a person is at stake because they would have committed a crime and they might go to prison for it therefore in criminal cases it’s vital for a person to receive legal funding. Poor and less educated people are denied access to justice as it is difficult for them to get advice or for them to be offered assistance. Some people may not get access to legal advice and assistance as they
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people love money. The government doesn’t like gambling‚ unless they can tax it. People think of gambling and automatically like a trained gambler think of Las Vegas or Atlantic City. Gambling has been in America’s blood since before we were a country. All thirteen original colonies established lotteries to raise revenue. 48 states today that have legalized some form of gambling and have made billions of dollars. 43% of Nevada’s general fund is fed by gaming-tax revenue‚ which means casinos pump in $9
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Legal Studies In December 2002 Dominic Li answered his front door to two men (Richard Nimmo and Maua Sua) both armed with guns. Sua and Nimmo were being paid by Yonky Irvin Tan‚ a drug dealer whom Li’s brother in law owed money to. Both Sua and Nimmo poured hydrochloric acid onto Mr Li where he suffered burns to his face‚ became blind and burns to his oesophagus. Mr Li painfully passed away three weeks later due to these injuries sustained as they led to a blockage in his throat that blocked his
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give-and-take of a negotiated settlement and a contract specifies the minimum acceptable standard of performance. b) Intention to create legal relationship: - One of the essential elements in the creation of a binding contract‚ this intention is implied by the fact that it is not expressly denied. Intention to bind the other party with the involved legal obligations. c) Free and genuine contract:-Two parties must give their Free and genuine contract to the term of agreement. Such
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over 200 different countries. Each country contains its own demographics and other factors that influence the marketing planning and promotions for the Coca-Cola product lines. These factors vary by location and can include culture‚ customs‚ and even legal matters. The Coca-Cola Company has been able to successfully examine these factors and create marketing campaigns that have allowed the company to grow in leaps and bounds over the past 100 years. Global economic interdependence Global economic
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