Jones purchase the stock of Smithon outright leaving Smithon intact? The stock should not be purchase by Mr. Jones. Mr. Jones acquiring the assets, liabilities and also would inherit the contractual obligations of the selling corporation, would, be the results of the purchase. In lay terms, he has bought the existing Smithon Corporation and he is responsible of ensuring daily operations run efficiently but the tax aspect of acquisition he is responsible for existing and any future tax liabilities that the selling corporation had. It would be my advice for Mr. Jones to not buy the stock because of the liability of current and future tax obligations which Mr. Jones would incur from the purchase of the stock.
* What are the legal requirements? * Didn’t break any laws, related to him applying company funds towards personal use even though his act was solely beneficial to himself alone. What are the ethical duties? * Maintain price-competitive markets will ensure that scares resources are used to optimally satisfy consumer needs. * Pareto Optimality wasn’t obtained because maximum benefits of most wanted goods and services produced at minimum cost of least wanted resources.
According to my research widget could sue john if he did sign the paper and accepting the terms but widget cant sue the competitor because the competitor has nothing to do with her business. 3. Is John in a fiduciary relationship with International Widgets? Why or why not? Is he an agent of International Widgets?
The implied duty of fidelity protects business interests and imposes a obligation employee must not disclose any information or trade secrets of their employers business. Throughout the course of employment, an employer will obtain information, which may possibly be confidential information. If an employee’s position is highly ranked then there will be possibilities that the employer has acquired potential confidential business information that may be disclosed this type of situation will need to be addressed and employers will need protection. In Thomas v Farr plc. , the categories of information was sectioned out to address what type of information is not to be disclosed when the employment contract has ended.
Jones don’t purchase the stock of Smithton outright. If Mr. Jones did purchase this stock outright it would cause him to acquire the assets, liabilities, and any contractual obligation that are outstanding of Smithton. According to the text Mr. Jones would be completely liable for any existing and future tax liabilities of Smithton. Because the Smithton wouldn’t cease to exist the purchase of stock wouldn’t be recommended for Mr. Jones. Since Smithton’s basis or tax schedule would not be change.
Happy Trails, LLC have the right to campaign just as the union organizers do. (National Labor Relations Board, 2013) This could be a pamphlet that discusses the pros and cons of unionization and what unionization could mean to them in their industry. This information should try to be as non-biased as possible to show the staff that the organization can be trusted not to provide false claims. I would also advise this employer not to say anything derogatory about the union but instead state the benefits of a non-union environment. Tell employees they do not need to talk to union organizers, that they can vote against the union, and that the independent living home does not welcome the
For Pharma to survive and become viable it was obvious that some decisions had to be made, but was the sale of the assets in the best interest of the corporation, or was it in the best interest of Adams and Barker? One can only conclude that the directors violated all their duties of financial interests, care and rational belief and were not acting with best information and, thus, cannot be shielded by the business judgment rule. 7. What type of lawsuit, derivative or direct, would be filed by Cornelius
John Parker Professor Duncan Criminology 3 December 2012 Va Tech Massacre 1. Is there any value in trying to discover why this event happened? Personally finding out why Cho committed this tragedy would not change the way of things in the slightest. For example, if the reason for Cho committing the massacre was that he was bullied it wouldn’t have a value. The most that our society can do it say don’t bully other people, which I have personally experienced does not mean that people will not bully others.
This is important because Bill needs to know that his feelings are valued. When people don’t feel like their business matters this effects any business. The first thing to do is to establish artificial time constraints by letting Bill know that there is an end in sight and the main objective will be to fix his issue and I will not leave the conversation until this issue is resolved. Next, I need to accommodate the nonverbal. This will involve me to not sound threatening to Bill by being warm and kind without sounding like I am pretending to this way.
What are your personal values on this ethical issue? 3. Relate the ethical principles of autonomy, nonmaleficence, beneficence, and fidelity to this case. Segment Two: Doing It My Way 1. If this was your client, what would you say and do?