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Accepting gifts

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Please help with the following problem. Provide at least 100 words in the solution.

Your company has a 100 million dollar contract to award to a vendor. The choice is between company A and company B. You provide your input to your boss who makes the final decision and chooses company B. At a congratulatory dinner, while making small talk, you mention to a representative of company B that you really want to get a flat screen TV but are waiting for prices to fall. The next week a 50" plasma TV arrives at your door with a card that says:

"Best wishes and Thanks"
Company B

Your company has no formal policy regarding the acceptance of gifts. What do you and why?

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Solution Summary

This solution helps with a business law problem. The issue discussed is the formal policy regarding the acceptance of gifts. The explanation is given in 132 words.

Solution Preview

The best thing to do is to return the TV because this could be seen as a bribe. The fact that Company B signed the card "Thanks," shows that this is not just a minor gift. Also, while ...

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