CUI Business Law Three Duty Based Ethical Standards Question

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Business Finance

Concordia University Irvine

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B i e La Mid Te Legal En i onmen of B ine Wedne da m C edi In c o D He Mid e m P in S den Name Admini e ed on Wedne da S den Signa e The purpose of an e am is to test the progress and kno ledge of a student against the course material being taught The e am is the opportunit for the student to displa their level of proficienc and to be graded accordingl A Mid Term Revie as scheduled communicated and subsequentl as given b this Instructor to provide clarit as to the areas of Business La that ould be tested Those students attending the Mid Term Revie ere provided ith a summar to prepare for this Mid Term F om Page of he CUI S den Handbook Defini ion Hone in he e fo mance of academic a ignmen i e en ial o he ma e of a bjec and in ellec al de elo men The e on ibili fo ch hone e ih he indi id al den To hel membe of he comm ni ecogni e academic di hone he defini ion a e li ed Chea ing Chea ing i e en ing omeone el e o k a one o n Chea ing i kno ingl gi ing ecei ing ac i ing o o e ing info ma ion ed fo academic e al a ion incl ding e em a e i en ojec e c hich ha dece ion a i in en Q e i S a e a d de c ibe he D Ba ed E hical Page of a da d First Ethical Standard Second Ethical Standard Third Ethical Standard Q e i Wha a e he Ele e f a Valid C ac Q e i Defi e gi e a E a le f each f he f ll i g Bila e al Con ac Page of Unila e al Con ac E e Im lied Q e i Li a d defi e f he e ce i C Page ac al Ca aci of Q e i Defi e he f ll i g Bila e al Mi ake Unila e al Mi ake Q e i Li he ecific a ea fc ac g e ed Page de of he S a e fF a d Q e i Wha a e li ida ed Da age Gi e a e a le Q e i Selec a d Defi e a f he f ll i gI e i al T A a l Ba e In en ional Afflic ion of Emo ional Di e Defama ion Page of agai he Pe In a ion of P i ac A o ia ion Q e i Selec a d Defi e a f he f ll Te a o Land Te a o Pe onal P o e i gI e i al T Con e ion Q e i Na e he f ele e e i ed e abli h Neglige ce Page of agai P e Q e i Defi e a f he f ll i g Pa en Co igh T adema k T ade Sec e EXTRA CREDIT M an Ca a ion WORTH POINTS e en i el co ec o ge Define S a o oin No a ial c edi No enal Negligence and Con ib o Page of fo a em ing Negligence END OF EXAM Page of
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State and describe three duty based ethical standards
The first standard is to act in such a way that the action can be become a universal law without
contradiction
This therefore means that one should act in such a way that the actions can be done by any other
person without conditions. As such each action an individual take should be permissible for any
other individual to do the same action regrdess of their identity. The same actions should be
persmiible to any other rational being. This basically means that one should not impose n others
what one is not willing to impose on onself
The second standard tstaes that an individual should ener treate another merely as mans to an end
In this case every rational decision should be cconsierednot emrely on principle but also an end.
This basically means that a person has the duty to pursue an end that offers eaulity ofr all parties
involved. Savery for instance is uethical since it involves tretaeing other human beings as a
means to an end
The thirs standards states that every rational being must act in such a way that one is a legislating
member in the kingdom of universal ends
This basically refers to the fact that if each person acts accordingly it is possible to maintain
harmonious relationships. If each person as if their actions would be universally permissible
there would be little to no conflicts among human beings.
Four elements of a valid contracts
1.
2.
3.
4.

Offer
Acceptance
Agreement
Consideration

A bilateral contract is an agreement between tow parties wothoon which each party agrees to
fulfill certain obligations. In this type of contracts there is typically equal obligation on both the
offeree and the offeror. An example would be trade contract between two countries where one
iffers to sell their coffee exclusively to one country ata specific price while the other accepts
these terms and is hence required to buy the coffee for the agrred period. A doctor and a ptient
os also an example a bilateral contarct. The doctor offers the servive while the patient recies the
serice at afee
A unliteral contract is oen which an offeror promises to pay only following a sp...

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