Describe how the sox act may affect ethical decision

Assignment Help Business Law and Ethics

Reference no: EM13790513

Grocery, Inc. Uniform Commercial Code (UCC)

Grocery, Inc., is a retail grocery store chain based in Any State, U.S.A. and has stores throughout the United States. Grocery, Inc. has written contracts with many different vendors to purchase the products they sell in their stores. Vendors range from individuals to international corporations. Tom works as the produce manager for the store in My Town, U.S.A. Jeff, 17 years old, is spending his summer vacation working for Tom in the produce department.

Does Article of the Uniform Commercial Code (UCC) apply to the contracts between Grocery, Inc. and its vendors? Do common law contracts apply? Explain your answer in detail. Your answer should compare and contrast common law contracts and UCC Article contracts.

Grocery, Inc. Renovations

Grocery, Inc. contracted with Company A to renovate the store on Main Street in My Town, U.S.A. Company A, unable to complete the renovation within the six-month time limit due to a sudden increase in jobs. Sub contracted the entire Job to Company B, who had a reputation of poor workmanship. Grocery, Inc. was unaware of the sub-contract. When Grocery, Inc. realized-due to the poor quality of work-that Company B, not Company A, was performing the renovation. Grocery, Inc. petitioned the court for an injunction and then sued Company A for breach of contract and specific who wins? Explain your answer.

ARTICLE SYNOPSIS: In your own words, summarize the article.

LEGAL ISSUE: In 1 to 3 sentences, identify the legal business issues raised in the article.

MANAGERIAL PERSPECTIVE: Discuss how the legal issues affect business. For example, could the problems have been avoided? Explain. Discuss realistic solutions supported by sound legal and business principles.

Final review: Write a 350- to 700-word review of the article. Your review should discuss how the SOX Act may affect ethical decision making in today's business environment, and the criminal penalties for which the act provides.

Reference no: EM13790513

Questions Cloud

Can the engineering products pty ltd cancel the order : Can the Engineering Products Pty Ltd cancel the order? Explain the viewpoint of the supplier and Engineering Products Pty Ltd and its directors

Application on quasi-experimental designs : Quasi-Experimental Designs

What are your options in responding to this cardinal change : One month after the notice to proceed, the school board issues your firm a change order to increase the size of the school by 60 percent due to an anticipated population increase. What are your options in responding to this cardinal change

Explain organizational theories evidenced in the case study : After reviewing the case study, construct a written paper that addresses the following: Explain organizational theories evidenced in this case study. Analyze how Texas Health Harris Methodist-Cleburne is a learning organization.

Describe how the sox act may affect ethical decision : Final review: Write a 350- to 700-word review of the article. Your review should discuss how the SOX Act may affect ethical decision making in today's business environment, and the criminal penalties for which the act provides

Does she have an action for fraud : Does she have an action for fraud? Discuss the elements of fraud and whether they have all been met

What is the natural right for privacy : What is the natural right for privacy? How we can trust the people or the organizations in our privacy? Does the governments have the right to go through our privacy? why?

Who will louis parents likely recover damages : The poles were made of low quality trees and were not treated in any significant manner except for a coating of tar. No reinforcement was used on the poles. Who will Louis's parents likely recover damages from if they were to sue for negligence

Reproduction and animal behavior issues : How does an animal's behavior aid survival and reproduction? Provide an example to illustrate your comments.

User Account

All Pages