The different statutes are used in ensuring the business ethics are maintained. The business practice requires understanding among the participants and the players. The importance of the statutes in the business is enhancing regulation and maintenance of the terms of the trade. The understanding among the players to have a smooth flow of business activity, the rules, and regulation must be introduced to control the situation. In the trade, some of the terms are supposed to be enhanced to give the business partners a clear definition of their roles. This is extended to the provision of a quality product without violation of the consumer’s right.
The real case on the life situation covers about home owners wishing to replace a tree that had died. Meeting the worker and had an argument on the prices of the seedlings as well as the cost of planting. The worker has also to check on the sprinkler so as to water the seedlings not to dry. In an argument, there is no formal acceptance of the worker to take the task. The payment brought about misunderstanding whereby the worker wishes to be added some cash so as to undertake the task. At the end of the discussion, no agreement that was made hence no one is obliged on the other.
The application of the ethics in the decision making helps in the improvement of the coexistence of the participants affected by the decision made. The welfare of the individuals is supposed to be evaluated so as to enhance no violation of their rights. This reduces the cases of misunderstanding especially in the business operation. The acceptance of the decision helps in proving their agreement hence the contract is made. On the ethics, all the opinions of the stakeholders must be valued for an informed decision.
Contracts Case #1: The Agreement Case Studies Examples
Type of paper: Case Study
Topic: Law, Business, Workplace, Commerce, Thinking, Decision, Ethics, Discipline
Pages: 1
Words: 275
Published: 2020/03/02
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