Law and Ethics for Business Owners - 1811 Words

Entrepreneurship Law Final Exam 1. Who owns the CadWatt Solar cell technology? What rights, if any can SSC claim on it? SSC owned the technology, because the invention related to the SSC’s business and he had used some of SSC’s resources (namely, his SSC computer and SSC training sessions) when developing it. 2. What can Pierre do to make his departure from SSC amicable? Should he have left sooner? What ongoing obligations does he have to SSC? Pierre should consider returning all the documents and electronic devices in which he had at hand. Pierre has a non-disclosure provision that prohibits Pierre from using or disclosing any confidential information that he learned while working for SSC. To leaving sooner he should†¦show more content†¦Can the company imply in its advertising that plants with large electricity demands can run exclusively on solar power collected with CadWatt Solar Cells? There are two warranties that can be implied to a product. Express and Implied warranty. The seller may disclaim any warranties of quality if it follows specifically delineated rules in the UCC designed to ensure that the buyer is aware of, and assents to the disclaimers. There is a sales agreement, which provides provisions of limited liability, no other warranties, limitation of liability, acceptance of these terms. In the case of stating if it can run exclusively of solar power collected with CadWatt Solar Cells it would only work if the statement were true. 14. Does the company need to be concerned that the property it is considering leasing for manufacturing is near a river? Yes, there can be issues when it comes to flooding in the area where the building can be affected through water damage. They can also be liable if an employee drowns in the river. Now if the company has insurance such as third party liability the company could be covered. 15. How should the company resolve a claim for assault, battery and false imprisonment arising out of an altercation with one of the company’s employees and how can the company protect itself against such claims in the future? Under the doctrine of respondeat supervisor, anShow MoreRelatedTutorial of Enterpreneur1126 Words   |  5 Pagestend to overestimate or underestimate their knowledge of the laws that pertain to starting a new firm? What does answer to this question suggest that entrepreneurs do before they start a firm? In general, entrepreneurs tend to overestimate their knowledge of the laws that pertain to starting a new firm. Before entrepreneurs start a firm, they should seek for lawyer to get some legal advice, get sources and information about the business, refer to book, or search the information thru the internetRead MoreMilton Friedman And Richard Freeman Essay932 Words   |  4 Pages Business ethics Name Institution Date Questions 1: Milton Friedman and Richard Freeman represent differences that exist on the positions held by scholars with regards to the obligations of a business firm. The major difference between the two is on the issues of corporation’s responsibilities to the society and the obligations to different groups. To whom does the corporation owe much responsibility? Friedman offers his views based on the shareholders theory. In his theory, he adoptsRead MoreDo Christian Values Have a Place in Business? Essay1048 Words   |  5 PagesPlace in Business? Business Ethics University Do Christian values have a place in business? Does oil mix with water? No it does not. This would be a typical response for most business owners in the twenty –first century. In the United States and abroad businesses have experienced mass corruption, and headlines depict the deterioration of business ethics among our growing global community. Many business owners aspire to ethical principles regarding the operations of their business but manyRead MoreBusiness Ethics And Law : Legal And Ethical Issues1213 Words   |  5 PagesLegal and Ethical Issues in Business Business ethics and law are fundamental principles that guide the way businesses operate. Business ethics are decided and formed by each company and differ from one company to another. They are the core values that business owners, managers, and employees use to conduct their daily operations. Acting in an ethical way consists of distinguishing between right and wrong and choosing what is right. Business law is all rules and regulations that all businesses shouldRead MoreThe Fox Den Food Park Business Plan1244 Words   |  5 PagesThe Fox Den Food Park Business Plan: Operations Plan Mariotti and Glackin (2013) discuss operations plans for entrepreneurs. Operation plans include items such as the management team, type of business, facilities, inventory, production, Quality Assurance, recognition and mitigation of federal, state, county, and local laws. The operations plan for the Fox Den Food Park is simple and does not include inventory, manufacturing, or retail sales due to the idea that the business product is a serviceRead MoreEthics : Ethics And Ethics1200 Words   |  5 Pagesconduct business with ethical standards. In today’s business and corporate environment there are ethical company standards which all associates must follow but businesses and their representatives are not moral agents. These are two (2) of the ethics business representative follows or implement in their companies: Deontology ethics which concerned with duties and rights. Rule Utilitarian ethic which focus on the beneficial consequences of breaking the law. An associate may wan t to conduct business ethicallyRead MoreMorals Vs. Ethics : Morals And Ethics Essay1374 Words   |  6 PagesMorals vs. Ethics Morals and ethics are often thought of as interchangeable terms, and both can be applied in various situations. Morals are ultimately the â€Å"groundwork† for ethics. However, the two nouns have a distinct meaning. Morals are internal principles that a person focuses upon when deciding between right or wrong conduct. A person’s true character can be revealed by understanding that said person’s morals. Ethics are a set of rules or rules of conduct that a person follows due to socialRead MoreEssay about Business Biblical Worldview1576 Words   |  7 Pages2009). A contract is an agreement that is enforceable by the law. It is created when two or more persons agree to do something or agree to not do something (Liuzzo, 2010, pg. 79). All involved parties must be competent. A competent person is one that is of legal age and possesses normal mental health (Liuzzo, 2010, pg. 80). â€Å"All contracts are agreements, but not all agreements are contracts† (Luizzo, 2010, pg. 79). In business, contracts are used to employ people and to sell goods, and toRead MoreWhat Does Ethics Mean? Essay824 Words   |  4 PagesEthically Speaking Years ago, sociologist Raymond Baumhart was researching ethics; he asked a test group of business people, â€Å"What does ethics mean to you?† The group had several different answers: â€Å"Ethics has to do with my religious beliefs.† â€Å"Ethics has to do with what my feelings tell me is right or wrong.† â€Å"Being ethical is doing what the law requires.† â€Å"Ethics consist of the standards of behavior our society accepts.† â€Å"I don’t know what the word means.† The answers of the test group may beRead MoreEthics, Intellectual Property, And Piracy1379 Words   |  6 PagesPersonal and business ethics in an ever-expanding technological world are challenged in many different ways. Multiple communication methods and the availability of the Internet have made a large world much smaller in the context of information sharing, so the importance of understanding and utilizing measures to protect intellectual property and copyrights is vital to business success, ethical understanding and acceptance. In the following, I will specifically discuss the concepts of copyright, intellectual