What is in a person''s own best interest

Assignment Help Business Law and Ethics
Reference no: EM133199807

Question: A conflict of interest arises when what is in a person's own best interest is not in the best interest of another person or organization to which that individual owes loyalty. The lawyer's code of professional responsibility prohibits a lawyer from accepting a case in which there is a conflict of interest. John Gellene, a highly-skilled bankruptcy attorney, was sentenced to 15 months in prison for failing to disclose his conflicts of interest (i.e., the connections among his clients Milbank Tweed, South Street, and Salovaara) to the bankruptcy court when he accepted a case. Gellene was "not a bad guy," according to the prosecutor in the case who said it "made him nauseous to see how hard Gellene had been working" and suggested that Gellene was "overstressed and overworked."

If you were the judge in the case, would you consider Gellene's explanation that he was over-worked and overstressed as an excuse for any part of his behavior? Why or why not? Explain.

Reference no: EM133199807

Questions Cloud

Review the mechanics of supply and demand : Review the mechanics of supply and demand. Disequilibrium between supply and demand will occur if price is above (surpluses). Grantham University.
What marketing channels are used by ford : What marketing channels are used by Ford? What method(s) would you use to segment the retail side of the auto business?
Law talk-voluntary acts : Mrs. Cogdon went to sleep. She dreamed that "the war was all around the house," that soldiers were in her daughter's Pat's room, and that one soldier was on the
How does your culture compare with others in same sector : Share your results from taking Organizational Culture Assessment Instrument. How does your current culture compare with others in the same sector?
What is in a person''s own best interest : Would you consider Gellenes explanation that he was over-worked and overstressed as an excuse for any part of his behavior? Why or why not? Explain
Impact of force majeure on supply chains and deliveries : In addition, in Syndicat des professeurs de l'État du Québec et Québec (Ministère des Relations avec les citoyens et de l'Immigration), (Élizabeth Olivier)[19],
Does the land belong to the company or the Native Americans : In the U.S. we have title companies that usually are effective in clarifying who owns what so we don't have such disputes. Does the land belong to the company
Find that keller was a miri employee : Find that Keller was a Miri employee, and Miri is not entitled to summary judgment as a matter of law - Miri did not withhold federal payroll taxes from Keller
Difference between a long-range and short-range plan : Review the difference between a long-range and short-range plan. Provide an example in a total of 2 to 4 sentences of when EACH type of plan would be used.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd