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Ethics and the Law

Ethics and the Law. Coach Nick Johnson Legal Environment of Business Law for Business and Personal Use. Rules and Conduct established by gov’t to maintain stability and justice Criminal Property Business Family 3 Levels Federal State Local. What is Law?. Constitutional Law

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Ethics and the Law

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  1. Ethics and the Law Coach Nick Johnson Legal Environment of Business Law for Business and Personal Use

  2. Rules and Conduct established by gov’t to maintain stability and justice • Criminal • Property • Business • Family • 3 Levels • Federal • State • Local What is Law?

  3. Constitutional Law • Highest form of law, no other can conflict • Fundamental Rights of Citizens • State Laws can be more defined • Common Law (English Law) • Different for situations • Precedent • Statutory Law (what we use now) • Laws set in place that must be followed • Federal/State/Local • 18 – Military Draft • Paying Taxes • Criminal Offences for Crimes Sources of Law

  4. Court Decisions (Case Law) • Common Law • Set Precedent and All Courts below must follow • Interpreting Statues (laws) • Determine what Statute is • Judicial Review • Consistent with Constitution • Administrative Regulations • Given to regulate certain fields of expertise • FCC = Regulates broadcasting • Still must abide by constitution and can be removed from power at any time Sources of Law Cont..

  5. Crime- wrong against society • Affect a person and public good • Tort- wrong against people • Assault, Defamation, Identity Theft • 3 Major Types: • People • Murder, Assault, Kidnapping, Rape • Property • Theft, arson, vandalism • Business Interests • Embezzlement, Fraud Types of Crime

  6. Deciding right or wrong in a reasoned and impartial manner • Must involve you or others in significant way • Refers to established authority • Law • Bible/Torah/Koran • Two Major Rules: • The Golden Rule • The Greatest Good Ethics

  7. Honesty • Compassion • Sincerity • Integrity • Dependability Name any others? Ethical Character Traits

  8. Business Ethics- used in making Business decisions • Profit Maximization skews this • Two Major Types: • Consequences Based • What happens when you do this • Rule-Based • Ten Commandments • Could everyone do it? • MLK case (civil disobedience) Ethics cont.

  9. Who can you think of in history that was ethical? • Abraham Lincoln • Mother Teresa • Gandhi • MLK • Rosa Parks • Personal ethical heroes? Ethical Heroes?

  10. Ethical Debate • War vs. Peace • Ethical Decision Making Partner Project Activities for Section 1

  11. How Ethics affect Business

  12. Businesses must adhere to a strict code of ethics for: • Consumers • What are some things you’ve seen that protect Consumers? Ethics and Business

  13. Protected by: • Caveat Emptor- “let the buyer beware” • Supply and Demand • Personal Judgment (reviews) • Customer Service Departments • BBB • Local, State and Federal Government • Deceived consumers may sue • May be subject to change business policies Consumer Protection

  14. Protected by: • Class Actions • Sue for self and others affected • Examples? McDonalds? • Cease and Resist Order • Government acts on behalf of consumer • Investigates company and policies • Licensing • Must acquire to produce goods • Inspections • Examples? Consumer Protection

  15. Protected By: • Unsafe Products • 1972 Consumer Product Safety Act • Report Failures • Examples? Toyota Floor Mats? • Unfair Trade Practices • Controlling or Fixing Prices • Example? Gas Prices, Price gouging Consumer Protection

  16. Protected By: • False and Misleading Trade Practices • Leaving out details or important facts • Examples? • Bait and Switch • Leading in with low price product, selling higher one Consumer Protection.

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