Share
Explore BrainMass

objective theory of contracts

1. Regulatory laws seem to overwhelm the business environment, perhaps, as a response to the excesses of the market economy. Discuss the pros and cons of this regulatory trend and implications for business law and you as a manager/CPA.

2. Ethics has become the recent focus in business law. Discuss the pros and cons of this for you.

3 Define and discuss the objective theory of contracts and the reasonable person standard for negligence.

Solution Preview

1. Regulatory laws seem to overwhelm the business environment, perhaps, as a response to the excesses of the market economy. Discuss the pros and cons of this regulatory trend and implications for business law and you as a manager/CPA.
The pros of this regulatory trend are that businesses are now more than ever compelled to improve their functioning and transparence. In most cases the businesses are require to comply with laws, and regulations that help the business be ethic. From the perspective of CPA, the regulatory trend has made businesses improve their internal control, wipe out criminal deeds in companies, and improve compliance with the existing laws. These regulations have improve financial reporting, eliminate lapses, improved financial management process, and making businesses more responsible.
The cons of the regulatory trend are the businesses are detracted from their normal work. The cost of compliance is very high. Some businesses have lost their ...

Solution Summary

The write up gives a learned discussion on objective theory of contracts

$2.19