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Business ethics quizlet
Business ethics reflection essay
Business ethics quizlet
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4-1 Discussion Response The company Builder Square, Inc. was in the market to sell, subletting, or leasing vacant K-mart stores, in-turn found Network Group to carry out this process throughout the Ohio area. A deal was struck that Reisenfeld’s with the company Network that they would receive $1 per square foot for a store that was subleased totaling $260,320 in commissions. Unfortunately, Network’s sole shareholder was defrauding BSI in various ways. As a result, that Reisenfeld’s was left high and dry, with no money from the commission. After having a suit brought against Reisenfeld’s, and BSI stated that under restitution (unjust enrichment). Under Ohio law, there are three elements for quasi-contract claim. There must be (1) a benefit conferred by the plaintiff upon the defendant; (2) knowledge by the defendant of the benefit; (3) retention of the benefit by the defendant under circumstances where it would be unjust to do without payment (Kubasek, 2015, p. 313). It is the third one that the disagreement was based on was having the problem with; whether it would be unjust for BSI to retain the benefit it received without paying Reisenfeld’s for it. The courts ruled that Reisenfeld’s may seek payment from BSI under quasi-contract theory this in fact overruled the trial court’s judgment. …show more content…
States that when the subcontractor is not paid by the contractor and the owner has not paid the contractor for the job. It is in the legal right for the subcontractor to look for the owner for payment under unjust enrichment payment (Kubasek, 2015, p.
Even though the contract was properly formed, there was a misrepresentation in Perez’s offer when he said that plaintiff “would be managing the sizeable workload of the company rather than bringing in business.” Judge Scarpulla, ruling for the lower court, said that to claim for fraudulent inducement, a plaintiff must show
In my opinion, if the jury in this case subtracted the contractual claims against the profits, they would have arrived at different damage/entitlement amounts. My guess is Main Line would have been entitled to much less than what was awarded in this case.
He would be “unjustly enriched” and therefore, having knowledge of this benefit, he would be obligated to ship the units. In addition, in the event the chain store did not pay him ahead of time and if, as I mentioned before, the chain store started advertising Sam’s product before receiving the units, this may benefit Sam as well and would therefore also fall under the quasi-contract definition but only if Sam knew about it.
If a breach of contract is both material and opportunistic, the injured promisee has a claim in restitution to the profit realized by the defaulting promisor as a result of the breach. Liability in restitution with disgorgement of profit is an alternative to liability for contract damages measured by injury to the promisee.
The legal issue that the court had to address was what was considered just compensation. The court
The issue in this case was whether California and Hawaiian Sugar Company could recover the liquidated damages from Sun Ship. Where there is a contract between the parties for liquidated damages and d there were no misrepresentations or unfair dealing in creating the contract,
Rule of Law: The rule of law that would be applied on this case would be the rule of the quasi contracts. This is a type of contract that is implied but no actual contract really exists. The quasi contracts were formed to avoid one party to be unjustly enriched on the expense of another (Miller, 2015, pp. 256-257).
The facts from the foregoing case indicates that the defendants, O’Hara, Mayana, made the applicant Atlantic believe that the purchase of Hillshire Country Pub was a clean deal. The defendant made information that was false to the applicant. During the transaction, the defendants lied to the applicant that the price of the property was $9.6 million. They failed to disclose about the excess fee paid on the transaction fees that
In the case of Williams’s v Roffey Brothers (1990) attracts much controversy. The case involved the defendants who were the main contractors on a building site, he also realizes that the subcontractor carpenters who has financial difficulties and threat the subcontractor by not completing the work. To ensure the claimants completed work on time the defendants offered them extra payments. This was because the defendants would have been taken a penalty just because if the work was not completed on time. The offer was accepted but when the payments were not asked the claimants sued for the payments. It was held that the claimant was entitled to the amount of money because the subcontractors were in financial difficulties and the defendants did obtain a benefit from the subcontractors work. They wouldn’t have to pay the penalty clause. The case has contributed to the criticisms of the consideration doctrine, that only one sided contract modifications need to be involving “the same for more”, but not “less for the same” modification (Atiyah,
In this week’s written assignment, students are required to Research the American case of Sherwood v. Walker. This case was during the nineteenth century era involving the sale of a cow. It is recognized as one of the most famous contracts cases in American law. Us students are required to give an outline of the facts in the case. Then, we are required to answer the following questions: what were the main legal issues involved? What approach did the court take in addressing the legal issue? How did the court apply its approach to the facts of the case? Also, we are also required to provide a detailed example of how the court's conclusion might have been applied in a modern business setting. Lastly,
Explain the teaching role and responsibilities in education and training, including how this relates to the teaching/training cycle.
REASON: Because the Nguyens terminated the contract due to Morton’s negligence of the property code, they were awarded with the following; actual damages, liquidated damages for violation of the property code, statutory remedy for violations of the finance code, mental anguish damages, attorney’s fee, and costs. However, Chapter’s 5, Subchapter D provides both parties with restitution benefits, not just one of them. Because the court did not consider the time the Nguyens spent in the property, the case was referred to the trial court to decide Nguyens’ responsibility for the rental value
In the Manderson case, the plaintiff owned an electrical business which specialised in the wiring of buildings. He hired an independent contractor to repair the domes...
The plaintiff failed due to not being able to firmly establish the existence of a unilateral contract. If the defendant did not construct a contract, then he has no liabilities to withhold. He was unable to provide enough evidence on the contract and was leaving aspects