Ethics & Law
When discussing law, one other topic that goes directly with it, is ethics. What is ethics? Ethics can be defined as “a systematic attempt, through the use of reason, to make sense of our individual and social moral experiences, in such a way as to determine the rules that ought to govern human conduct and values are worth pursuing in life.” Business ethics is a subset of ethics and there are no differences between the two, immoral acts are immoral, no matter who committed them. Personal morals and ethics vary greatly and there are many different ethical theories such as deontology utilitarianism, ethical egoism, and more. These different theories have different views on what is considered moral (right) and immoral (wrong).
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It can also be called credit life insurance, credit disability or unemployment insurance. Typically, when you obtain the loan, is when you would purchase these plans. PPI usually covers payment for a set time, typically around 12 months. For some loans this could be the entire monthly payment, and when PPI expires, it is up to the consumer to repay the debt. Although in some cases the policy will repay the debt if you are unable to earn income. PPI may not be suitable for everyone, careful assessments of what may happen if you become unemployed should be considered.
Many PPI policies are not sought after by many consumers, in many cases, people who did have credit insurance didn’t even know they had in. This led to large miss-selling (called “packing”) of PPI policies from financial institutions to consumers. During the sale of these policies many commissions based salesman pushed these products, many of the providers of these companies made more on the PPI commission and profit sharing than the interest on the original loan. The reason they were able to sell these policies so effectively is: when consumer came in with financial difficulty they would push PPI policies and say they would increase their chance of getting the loan. Several large companies received large fines for these practices include Capital One, this also led to new legislation being passes to prevent unethical selling involving PPI policies to protect consumers.
Since the early
“Ethics is about how we meet the challenge of doing the right thing when that will cost more than what we want to pay.” (The Josephson Institute of Ethics) When I think about everything that I have learned within the Business Ethics class, I think of one topic – Understanding Ethics. This teaches you many things like what ethics is, how to understand right and wrong, ethical reasoning and much more. “The field of ethics is the study of how we try to live our lives according to a standard of “right” or “wrong” behavior–in both how we think and behave toward others and how we would like them to think and behave towards us.” (Business Ethics Now, Ghillyer, 4) Some people consider ethics to be a conscious choice to follow a set of moral standards or ethical principles that supply direction on how they should perform in their daily lives; others, however, look to the behavior of others to decide what is an acceptable standard of right and wrong or good and bad behavior. Many factors including how they were raised, their religion, and the transitions and beliefs of their society drive their definition of the right or wrong. Judgments are made about good or bad behavior by moral standards, which are principles based on religious, cultural, or philosophical beliefs. These beliefs can come from many different sources such as family, friends, ethnic background, religion, school, the media–television, radio, newspapers magazines, the Internet, and personal role models and mentors.
The dilemma/ethical issue that arises out of this case is in the hands of Jill Lassiter. She is the newly appointed executive director of a charity dedicated to helping single mothers called Good Works for Women. She must get the financial statements in order so that they satisfy Ms. Lyndelle Oakes, the organization’s largest donor. Jill must decide whether to restate her budget using faulty estimates or to be honest about the organization’s difficulties and face losing a crucial donation.
Since my journey here at Bryant began in September, I have changed so much. Coming here, I expected certain things such as my study habits, daily routine and friend group to be altered. One change I was not anticipating making was my approach to ethics. Over the course of the past fifteen weeks, my knowledge of ethics as well as my approach to ethics has changed. I have become more knowledgeable about the different approaches to ethics and have gained insight as to where I stand in my approach to ethics.
He has gained a lot of experience throughout his career thus far, and is looking forward to expanding his knowledge in the future. Dr. Lind believes that there are many ethical issues that involved in anthropology and the entire Code of Ethics is of importance. However, he believes it is key for practicing Anthropologist’s to understand not only their own Code of Ethics but any Code of Ethics that may be relevant in their currently work place. In addition, he placed a lot of emphasis of informed consent and not harming your subjects during research studies.
In examining the standards of ethics, or lack thereof, in cases of corporate fraud there are key questions to consider. These questions relate to ethics, the fraud triangle, and the legal ramifications incurred. It is important to examine the elements related to these key questions, in order to gain an understanding of the impacts fraud has upon all parties involved. This handbook provides information to gain an understanding of what ethical violations are at play and the impacts upon all involved parties resulting from those violations. Further provided is information regarding ethical issues when an awareness of the fraud is known, and what the reactions should be by the
Dracca is able to seek recover from Silva Gray individually on the judgment for BB partnership because the partnership has not been incorporated. In a general partnership each individual can be sued for the full amount of the business debt. The partners cannot have personal interest within the partnership (Bagley & Savage, 2009 p. 729). If one partner incurs all of the debt, they can then sue the other partners for their parts of the debt. Within a Limited Liability Partnership these three items would differ from the general partnership.
Every decision can be justified to support the reasoning for the cause of cause of behaviour. Through the lenses of law and ethics, the case of Tri-Star and the conduct of the president presents a dilemma between what is legal, and what is morally acceptable.
A breach is a failure to do what is required by a law, an agreement or a duty. It is a failure to act in a required or desired way. This means that breaches occur when legislative requirements are not complied with.
I am in the dissenting opinion of this case. I agree with all of my fellow opinions that this law in question is absurd. I do not however agree that the evil qualities seen in the law makes it unconstitutional. I feel that this law is offensive just as Goldberg, Harlan, and White do. Dr. Buxton and Ms. Griswold merely expressed their opinions on contraceptives and practices and instructing how to use them. I feel that by doing this they were exercising their rights under the first and fourteenth amendment, which includes the freedom of speech. Cf. Brotherhood of Railroad Trainmen v. Virginia ex rel. Virginia State Bar, 377 U.S. 1. However, while their freedom of speech is one thing, suits concerning physical activities are something completely different. The doctor, Dr. Buxton, and the director at Planned Parenthood, Ms. Griswold, both advised women on what contraceptive to use and also supplied it to them. Based on this information they were in violation of the Connecticut law that was previously stated. Just because these two exchanged speech with the people that they supplied these goods does not mean that they should be pardoned merely by the first amendment. Although these Amendment freedoms should be used to protect us all, they cannot be stretched to the point where they protect a person who violated the Connecticut law. The Court is claiming that under the Bill of rights and the constitution there is a “right of privacy”, and in this circumstance a “right to marital
The ability for a patient to choose or refuse their healthcare procedures is a common concept that is rarely argued against. The US Constitution protects liberty rights and they are believed to be common law rights. However, in certain circumstances, those rights can be negotiable especially when an individuals’ religious beliefs interferes with a healthcare provider’s ability to implement proper treatment and advocacy for vulnerable patients. Jehovah’s witness’ are a clear example where religious beliefs interfere with appropriate and adequate healthcare from doctors and nurses. This is because their beliefs are often in stark contrast with a doctor or nurses’ obligations as a healthcare provider (Henderson, 2005). An ethical and legal dilemma is created when a Jehovah’s witness refusal for blood transfusions puts a patient’s freedom and autonomy regarding medical intervention against a nurse or doctor’s duty to provide lifesaving treatment. This ethical dilemma affects nursing because it places the nurse in a difficult situation where they must knowingly respect all individual religious beliefs even if it means a refusal of blood that puts the patient at a higher risk for mortality. (McCormick, 2008).
The premium for PMI insurance varies according to the size of the loan, and the down payment made, but is typical around one percent of the loan amount. The cost is not based on the lender’s credit score but is based on the size of the mortgage and the amount of the down payment.
Legal and ethical considerations. A number of ethical considerations are unique to couples and family therapy. Because most couples and family therapists focus on the family system as the client rather than on the individual’s dynamics, potential ethical dilemmas can arise from the first session, which need to be clarified. Because of the increased complexity of their work, couples and family therapist are faced with more potential ethical conflicts than are practitioners who specialize in individual therapy. Gladding, Remley, and Huber (2001) uphold that therapist can respond to ethical dilemmas over contradictory interest of multiple individuals by recognizing the couple or family system as the focus of treatment rather than single individual as the primary client. Therapists who perform as advocates of the systems avoid becoming an agent of any one partner or family member. Working within a framework that conceptualizes change as affecting and being affected by all family members, practitioners are able to outline problems and consider plans for change in the framework or the family system. The AAMFT Code of Ethics (2001) provides a framework I eight core areas:
When it comes to large sums of money, it is not uncommon for the spender to feel they have been ripped off or become over protected. The practice of law is no exception to this phenomenon, and crocked lawyers and paralegals have negatively contributed to the notion. On several occasions law professionals have taken client money for personal use, acting against the law and rules of professional conduct. Although lawyers and paralegals have their own individual rules and guidelines to abide by, they follow the same professional structure of proper conduct. The rules of conduct for paralegals is governed by the Law Society of Upper Canada and is the governing body responsible for reports of misconduct. Further investigations will lay out the proper procedures and tasks that must be completed when a paralegal encounters an accusations of misconduct, specifically when a client accuses a paralegal of misappropriating money from the clients trust fund. When it comes to possible options it is important to remember that by proactively sending a report of the circumstance to the Law Society of Upper Canada with a detailed list of events, bookkeeping and accounts billed to the client will help your case prior to the client reporting you to the Law Society. Should a paralegal choose to ignore the threat of the client, in hopes that the client will not follow through with higher involvement, the paralegal will then face an audit by the Law Society. If the Law Society is apprised that the
Alice Woolley states, “a lawyer will be influenced by an ethical theory because that theory accords with the lawyer’s own intuitions and existing moral commitments ”. However, the issue in determining the ability to be a good lawyer and a good person arises due to problems that are made apparent through the role of the lawyer by society. Through discussion of different theoretical approaches to legal ethics, it will be evident that a lawyer may be influenced by such theories, but ultimately, their decisions are based upon their own intuitions and moral commitments, agreeing with Alice Woolley’s statement.
As documented in a promotional video for Enron, Kenneth Lay states: “Enron is a company that deals with everyone with absolute integrity. We play by all the rules. . . We want people to leave a transaction with Enron thinking they have been dealt with in the highest possible way, as far as integrity and truthfulness and really doing our business right.” (Enron Vision and Values, 1998, 3:32) Whereas this message was intended to affirm corporate mindset, Lay’s business leadership and conflict resolution promoted the contrary. In 1985, Kenneth Lay founded Enron Corporation to satisfy his personal ambition and insight in the deregulation of energy markets. As many entrepreneurs do, Lay placed a focus on the success and future of his business on the financial performance and growth rate. Although short term success can be gained by focusing solely on the bottom line, long term success can only occur by first meeting the requirements of the law and maintaining integrity through ethical decision making. As you will see, Lay’s leadership focus on the priority of enhancing the bottom line actually trumped his ability to promote ethical and legal decision making for his organization. This conflict was the root of the problem that promoted individuals in the organization to make unethical and unlawful decisions on a business level as well as personal level.