Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Discuss why the concepts of contractual impossibility and frustration of purpose exist. Include an examination of how these concepts help ensure fairness to all parties. Also, what are the drawbacks to these concepts?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by stepSolved in 3 steps
Knowledge Booster
Similar questions
- Please discuss the legal and ethical status of the physician's actions in the following case. Include in your analysis any relevant laws A complainant alleged that a private practice physician denied her access to her medical records, because the complainant had an outstanding balance for services the physician had provided. The physician openly admitted that the complainant was not given access to her medical record because of the outstanding balance. The physician noted that it is clearly spelled out in the information given to patients that access to their records is contingent on payment in full.arrow_forwardWhat are some key aspects of the concept of natural law?arrow_forwardWhat are the distinction between criminal and civil law?arrow_forward
- The construction industry is recognised as the most dishonest industry in the world due to its low-cost mindset, fierce competition, and razor-thin margins (Transparency International, 2005), creating the ideal atmosphere for ethical difficulties (FMI, 2004). This industry is regarded as one of the most vulnerable to unethical behaviours because of the huge capital investments required, which provide the large-scale potential for rent extraction as well as investments that are typically not repurposed after implementation. Unethical behaviour can occur at any stage of a construction project, including planning and design, pre-qualification and tendering project execution, and operation and maintenance (Adnan et al., 2012). Analyse FIVE (5) unethical issues in the construction industry. explain it briefly and include exa,mplearrow_forwardCan the ends justify the means.arrow_forwardEthical codes serve as the moral compass guiding individuals and organizations in navigating the complexities of ethical decision-making. These codes are rooted in fundamental principles such as integrity, honesty, fairness, and respect for others. They provide a framework for behavior and decision-making, ensuring that actions align with ethical values and principles. In professional settings, ethical codes outline the responsibilities and obligations of individuals towards clients. colleagues, employers, and society at large. For example, in healthcare, etifical codes dictate the duty of healthcare professionals to prioritize patient well-being, maintain confidentiality, and uphold the highest standards of care. Similarly, in business, ethical codes emphasize integrity in dealings with clients, suppliers, and competitors, as well as social responsibility and environmental sustainability. Ethical codes are not merely abstract guidelines; they are practical tools that help individuals…arrow_forward
- Jus in Bello stipulates that you cannot ethically wage war if there is no chance of winning. Is that agreeable?arrow_forwardHow do intellectual property rights intersect with other areas of law, such as antitrust law, contract law, and privacy law, and how can these competing legal interests be balanced?arrow_forwardOver the years, the Red Cross has been guided in its use of donations by honoring donor intent. This policy helped the organization deal with a major ethical challenge after the terrorist attacks of September 11, 2001. The Red Cross received more than $1 billion in donations and initially diverted some money to ancillary operations, such as creating a strategic blood reserve. After donors objected, however, the organization reversed its decision and – honoring donor intent – used the contributions to directly benefit people affected by the tragedy. Should the American Red Cross have reversed its initial decision to divert some of the money donated for September 11 relief efforts to pressing but ancillary operations? Support your chosen position.arrow_forward
- What challenges are involved in converting a company to practices that are in full CSR compliance as set forth by Ray Anderson?arrow_forwardWhat are the key provisions of the Competition Act that address monopolistic behavior?arrow_forwardNo Plagiarism Please! Compare the major antitrust acts of the United States. Specify the intent and purpose of each, and draw conclusions about their effectiveness.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON