Discussing Business Law: Contracts, Minors and Land Value
Not what you're looking for?
First Question:
In your opinion, are certain types of contracts unethical or unconscionable? (or at least should be) If so, what types of contracts are either unethical or unconscionable? How should the law treat a situation where a contract is unethical or unconscionable?
Second Question:
In discussing capacity, and specifically in dealing with Minors, we see a relatively consistent holding in favor of the Minor (sometimes arguably bordering on the "unfair"). Do you agree with this approach - that is, do you think it makes sense to pass this risk on to those doing business with Minors? Are there any negatives that you can see to this approach? Is 18 the appropriate age, or should we consider a younger cutoff (e.g. 14, 16, etc.)?
Third Question:
Is it legal and ethical to use multiple non-disclosed agents to mask the volume and value of land purchases in order to obtain land at a price lower than its actual value?
Is it ethical to buy land at a low price, knowing its value is going to go up, then sell it at the elevated price?
Was it ethical to issue stock options to the executives who knew about the impending land acquisition and mineral strike?
Although the press release issued in response to rumors was technically accurate, its downplaying of the situation is misleading. Is this a legal or ethical practice?
Purchase this Solution
Solution Summary
The expert determines if the ethical to issue stock options to the executives who knew about the impending land acquisition and mineral strike.
Solution Preview
1. Yes, those made with children, elderly over 75, and sick are all unethical and in many cases unconscionable. Any contract that asks for money, without clear and concise information spelled out in writing and with time for the signer to read and understand it, is the worst. While many over the age of 75 are still cognitive, they often need time to read and understand what they are being told. Any such contract should be either judged as illegal and the person involved absolved and refunded or the contract noted as nil and void.
2. Minors often do not have the capacity to understand the meaning of words used in contracts. Additionally, they are ever hopeful of all ...
Purchase this Solution
Free BrainMass Quizzes
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Lean your Process
This quiz will help you understand the basic concepts of Lean.