I think the bank terminated said employee because it would have been a conflict of interest to keep this employee employed. In my opinion, it did not make good business sense to keep this particular employee on the payroll. Legally speaking, I agree with the decision of the courts because the bank really didn’t break or violate any policy when it gave the employee the ultimatum of abandoning his counterclaim against the bank’s customer or keep his job. Morally speaking, I’m really not sure here because it seems as if all the facts have not been presented in totality. I think that the courts have a responsibility to society and to the public to uphold the law regardless as to what type of law is in question, i.e., business, employment, etc.
Fiege v. Boehm 210 Md. 352 123 A.2d 136 Court of Appeals of Maryland. JUDICAL HISTORY: Boehm became pregnant and believed in good faith that Fiege was the father. Fiege promised to pay Boehm for the birth expenses and make support payments for the raising of the child as long as Boehm would not institute criminal bastardy proceedings against him. Fiege made payments under the agreement but stopped when blood tests revealed that he could not be the father.
May 23rd, 2013 Marcus Lim 14568 Musicmaster Ln. Silver Spring, NC 20974 Congressman Chris Van Hollen Rockville Office 51 Monroe Street, Suite 507 Rockville, MD 20850 Dear Congressman Chris Van Hollen: My name is Seung Lim. I am a student at Paint Branch High School in Montgomery County, Maryland. I do not support the loss of benefits in health insurance for domestic partners. I think that the state is basically forcing people to get married in order to retain benefits.
[3] http://www.irs.gov/businesses/small/article/0,,id=146335,00.html It is important to determine if the taxpayer martially participates because this classifies the income as active or passive. Passive activity losses are non-deductable from active and portfolio income. This is why it is important to determine if the taxpayer martially participates in the business activity. PROBLEMS: 7-46) The $30,000 loss is considered a passive loss and can only be deducted against passive income, it is therefore suspended and carried forward to future years to offset potential passive income in those years. Mary has no martially participation in the rental activity, therefore the loss is considered
DFA roughly believed in efficient market theory. They believed that the high return of small stocks and value stocks come from high risk which matched the efficient market theory. Moreover, they would not do any fundamental analysis of the firm in question. (p6) At the same time, however, they did some adjustments based on other two principles, sound academic researches and skilled traders, to get rid of those not matching the theory. For example, they did not purchase those stocks with inside trade information.
Every corporation is created in order to make profit and provide a service or a product to the consumer.Most consumers do not understand the complexity of the products they buy and the possible harm they could cause.Since large corporations created such a product, they alone have the knowledge of how to safely dispose of their product.Therefore corporations should provide information on their products to aid the consumer to understand the possible dangers of the products they purchase and how to dispose of them safely. Last but not least, no solution is 100% effective.There will still be pollution created by the products manufactured by large corporations. Corporations should therefore provide a solution that will minimize any loss they might make in disposing the byproduct of their products, dispose their products safely and involve the consumer in the disposal procedure, in order to educate the consumer as well as informing the consumer of what to do and what not to
The fact that Southwest was not required to disclose actual figures on their allowance for doubtful accounts and bad debt expense because of their immateriality indicates that the company does very well with collecting their receivables. b. Other Analysis: Southwest other minor source of receivables come from fuel contracts. As of year end 2013, the company had $57 million in the receivable from third parties for fuel contracts as a current receivable. The company uses netting policy for cash collaterals held against them.
c. Tickets, onboard revenue, other (b) Balance Sheet a. $34,181 million b. A Trademark is an intangible asset that does not depreciate in value as long as the Trademark is protected. c. Total PP&E = $32,540 Depreciated = $5,901 d. Because Carnival expects to only get the historical cost of the PP&E and not the value of improvements, which are capitalized and depreciated. e. Because Carnival has not yet provided the Service for which the Deposit was rendered.
DVR Tutorial Question 2 Case Study : Taking Responsibility – Union Carbide and Bhopal disaster 1) Does the corporation owe its first loyalty and moral responsibility to the financial interests of its owners or the local community and its employees who are affected by its operations ? The corporation does owe a bit of its responsibility to the financial interests of its owners but it owes its first loyalty to the local community and its employees . This was not shown because Union Carbide US didn’t want to take responsibility . In seeking to assign responsibility for the incident ,pressure from the corporate office to stop losses backed Union Carbide India into a corner that led to the cost-cutting proposal to slack off on safety measures that ultimately produced the disaster. As Milton Friedman said, the social responsibility of a business is to increase profits, then Union Carbide Corporation’s decision to approve the cost-cutting plan seems appropriate and acceptable.
Also we have to note that the customer may accept a replacement but they can be resolute on getting a refund; also the customer doesn’t have to accept the credit note for spending on other products at the Marriott they can claim their refund and the Marriott is not allowed to put up a sign saying ‘No refunds’ This act protects the consumers legally and allows them to freely purchase their goods and services, without having to doubt the description or the quality. If the law was not present, then other business could scam the customers; which would affect the performance of all businesses there wouldn’t be any trust between businesses and the customers. Supply of goods and services act 1982 The aim of this act is to protect the customer