business law and ethics
Added on 2023-01-11
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Business Law and
Ethics
Ethics
Table of Contents
INTRODUCTION...........................................................................................................................3
INDIVIDUAL ESSAY....................................................................................................................3
Tort and duty of care..............................................................................................................3
As per the case or doctrine of tort Extortionate PLC is liable for Samantha’s injury............4
Ethical consideration of bank towards public........................................................................4
Possible defence for Extortionate PLC...................................................................................5
INDIVIDUAL REPORT.................................................................................................................6
Reorganization and responding to ethical conflict and turbulence in professional career and
workplace...............................................................................................................................6
Philosophical theories and professionals body ethical guidance and advice.........................7
Appropriate MIS development and acquisition approaches in acquiring relevant systems for
organizations...........................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11
INTRODUCTION...........................................................................................................................3
INDIVIDUAL ESSAY....................................................................................................................3
Tort and duty of care..............................................................................................................3
As per the case or doctrine of tort Extortionate PLC is liable for Samantha’s injury............4
Ethical consideration of bank towards public........................................................................4
Possible defence for Extortionate PLC...................................................................................5
INDIVIDUAL REPORT.................................................................................................................6
Reorganization and responding to ethical conflict and turbulence in professional career and
workplace...............................................................................................................................6
Philosophical theories and professionals body ethical guidance and advice.........................7
Appropriate MIS development and acquisition approaches in acquiring relevant systems for
organizations...........................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11
INTRODUCTION
Business law refers standards of behaviours which are being expected of companies and
sole proprietorship and business ethics refers legality or having knowledge to identify difference
between the right and wrong (Cowton, 2017). This present study is divided into 2 parts such as
individual report and essay. Individual essay is going to show importance of ethics and
performing all activities and functions by companies in an ethical and legal manner. Further, it
will also discuss some duties like duty of care, conflict and others which companies have to
perform when they fail to perform their functions in an ethical manner and do not concern
towards their clients. Second part of this study, essay will discuss consequences of performing
activities in an unethical manner. When an organization do some unethical and illegal acts then it
has to pay several duties and other party or victim can take help of legal system of the UK which
include: Solicitors and Barristers as per their nature of case.
INDIVIDUAL ESSAY
Tort and duty of care
Before understanding Tort of duty and care it is important to understand the Tort of
negligence and in this context it can be said that it is a legal wrong which suffer by any
individual who is at the hand of another, fails to take care in order to avoid what a person regards
foreseeable risk. In the case of Extortionate PLC it is analyzed that Samantha, customer of bank
went for taking loan and when leaving the bank she fail down because of carpet which came
away at the sides of stairs. But in this case or injury of Samantha, Bank denied taking
responsibility by saying that they have already mentioned and had an exclusion clause limiting
liability against personal injury of their clients (Chan, 2016).
As per the tort law and duty of care refers a legal obligation in which an individual owe a
duty of care to another person in order to make sure that they will not suffer any harm and injury
as well. In the case of Extortionate PLC it can be said that as a bank it is responsibility of bank
towards their clients and public to care them and have duty of care but it was breached. In the
negligence and breach of duty of care company or tortfeasor have to compensate to victim or
clients (Plunkett, 2018).
Business law refers standards of behaviours which are being expected of companies and
sole proprietorship and business ethics refers legality or having knowledge to identify difference
between the right and wrong (Cowton, 2017). This present study is divided into 2 parts such as
individual report and essay. Individual essay is going to show importance of ethics and
performing all activities and functions by companies in an ethical and legal manner. Further, it
will also discuss some duties like duty of care, conflict and others which companies have to
perform when they fail to perform their functions in an ethical manner and do not concern
towards their clients. Second part of this study, essay will discuss consequences of performing
activities in an unethical manner. When an organization do some unethical and illegal acts then it
has to pay several duties and other party or victim can take help of legal system of the UK which
include: Solicitors and Barristers as per their nature of case.
INDIVIDUAL ESSAY
Tort and duty of care
Before understanding Tort of duty and care it is important to understand the Tort of
negligence and in this context it can be said that it is a legal wrong which suffer by any
individual who is at the hand of another, fails to take care in order to avoid what a person regards
foreseeable risk. In the case of Extortionate PLC it is analyzed that Samantha, customer of bank
went for taking loan and when leaving the bank she fail down because of carpet which came
away at the sides of stairs. But in this case or injury of Samantha, Bank denied taking
responsibility by saying that they have already mentioned and had an exclusion clause limiting
liability against personal injury of their clients (Chan, 2016).
As per the tort law and duty of care refers a legal obligation in which an individual owe a
duty of care to another person in order to make sure that they will not suffer any harm and injury
as well. In the case of Extortionate PLC it can be said that as a bank it is responsibility of bank
towards their clients and public to care them and have duty of care but it was breached. In the
negligence and breach of duty of care company or tortfeasor have to compensate to victim or
clients (Plunkett, 2018).
As per the case or doctrine of tort Extortionate PLC is liable for Samantha’s injury
As per the doctrine of tort there are mainly 4 tort laws on which basis, company have to
pay or compensate to victim such as; causation, injury, duty and breach of duty. As per this if
any individual fail down and got injured then there duty of care occurs for company. In the case
of Extortionate PLC it is stated that one customer of this bank, Samantha went to bank for
inquiring about loan for business start up. But while leaving the bank, She fails down from the
stairs where carpet came away at the sides and for protecting herself, she put her hands in front
of her. Due to this she got injured her wrist. It is stated that it was not the one case as she found
that there were many customers who got injured for the same reason and that carpet. In all of that
case, bank denied to pay and become responsible and said that they had an exclusion clause
which limiting their liability against any personal injury of clients. One of friend of Samantha
said that there are many customers of this bank who have fallen down the stairs and same case
and issue was raised with this Extortionate PLC bank. As a proof she got a link from her friend
of bank where all customers who got injured at bank claiming bank for compensation and
performing duty of care (Tilley, 2016).
So, it can clearly be said that Extortionate PLC is liable for all customers because as a
bank there is a duty of care of bank towards their clients and public. They breach the duty of
care. As per the policy of duty of care all companies including private and public required to
perform this duty. As per the national care standard there is a duty of an organization to follow
all rules and policies related to safeguarding people and managing risk (Ehrlich, 2018).
Ethical consideration of bank towards public
There is requirement for bank to perform their all function in an ethical and effective manner.
Rather performing all functions of their business it is also important to follow some codes of
ethics towards their public in order to make them feel valued and following all rules of national
standard of safeguarding. The banking industry is known as the unique and customers centric
industry among all because the main responsibility of this sector is to satisfy customers and make
them feel pleased and valued by providing effective services along with performing duty of care.
Other main reason is this sector and banks are based on trust. There are some principles and
ethical consideration of bank towards public which includes:
As per the doctrine of tort there are mainly 4 tort laws on which basis, company have to
pay or compensate to victim such as; causation, injury, duty and breach of duty. As per this if
any individual fail down and got injured then there duty of care occurs for company. In the case
of Extortionate PLC it is stated that one customer of this bank, Samantha went to bank for
inquiring about loan for business start up. But while leaving the bank, She fails down from the
stairs where carpet came away at the sides and for protecting herself, she put her hands in front
of her. Due to this she got injured her wrist. It is stated that it was not the one case as she found
that there were many customers who got injured for the same reason and that carpet. In all of that
case, bank denied to pay and become responsible and said that they had an exclusion clause
which limiting their liability against any personal injury of clients. One of friend of Samantha
said that there are many customers of this bank who have fallen down the stairs and same case
and issue was raised with this Extortionate PLC bank. As a proof she got a link from her friend
of bank where all customers who got injured at bank claiming bank for compensation and
performing duty of care (Tilley, 2016).
So, it can clearly be said that Extortionate PLC is liable for all customers because as a
bank there is a duty of care of bank towards their clients and public. They breach the duty of
care. As per the policy of duty of care all companies including private and public required to
perform this duty. As per the national care standard there is a duty of an organization to follow
all rules and policies related to safeguarding people and managing risk (Ehrlich, 2018).
Ethical consideration of bank towards public
There is requirement for bank to perform their all function in an ethical and effective manner.
Rather performing all functions of their business it is also important to follow some codes of
ethics towards their public in order to make them feel valued and following all rules of national
standard of safeguarding. The banking industry is known as the unique and customers centric
industry among all because the main responsibility of this sector is to satisfy customers and make
them feel pleased and valued by providing effective services along with performing duty of care.
Other main reason is this sector and banks are based on trust. There are some principles and
ethical consideration of bank towards public which includes:
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