DEFENITION: STRICT LIABILITY RYLANDS V FLETCHER CASE i. FACTS ii. DIAGRAMATICAL REPRESENTATION iii. JUDGEMENT iv. EFFECTS OF THE CASE v. EFFECTS OF THE CASE IN INDIA vi. CONCLUSION vii. ESSENTIALS EXCEPTIONS BIBLIOGRAPHY STRICT LIABILITY • A person may be liable for some harm even though he is not negligent in causing the same or does not intentionally cause it or is careful or has taken steps to prevent the same. • e.g.‚ The defendant is liable to the neighbor
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Ethics are a set of moral principles which are recognized in respect to a particular class of human actions or a particular group‚ for instance the medical ethics‚ legal ethics‚ teaching ethics‚ business ethics that brings together people of the same profession. These principles deal with values relating to human conduct with respect to concepts such as being good or bad‚ decent or shameful‚ right or wrong etc. These values guide members of a group to act in a manner that is consistent with the
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OCCUPIERS LIABILITY The occupancy of premises is affected by two statues: 1) The occupier’s liability act 1957. Under this act there is a duty to keep safe and lawful visitors to the premises 2) The occupier’s liability act 1984. Where an occupier may owe a duty to protect trespassers onto the premises. LAWFUL VISITORS A lawful visitor has permission to enter premises. This can be expressed permission of implied. There are four situations covering implied permissions: 1) If the occupier
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Ethics‚ Accounting and Business Decisions In the article "Business and Accounting Ethics" written by Dr. K. T. Smith and Dr. L. Murphy Smith‚ the authors affirm the need for ethics and decision-making in accounting due to recent unfavorable business practices. They stress the importance of maintaining and implementing regulations for professional conduct for public and private accountants. In addition‚ they raised question‚ "What is my highest aspiration? The answer might be wealth‚ fame‚ knowledge
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In simple terms‚ it means running your business in a way that is upright and based on Christian principles. Today‚ there are many dishonest dealings done by businesses. They may have prices that are way too high‚ less than quality products‚ or make claims made that are simply not true. I shudder at the scam business opportunities that prey on people who are desperate for a better way. This is not the way to please people or God. Christian business ethics must include honesty‚ fairness and treating
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emerging issues‚ to share the responses among the stakeholders and to continue to drive performance improvements. Nestle’s stakeholders can be categorized into three major groups. First group is the group of political which consists of Global Business Leaders‚ Non-profit Organizations (NGOs)‚ Academics‚ International Organization‚ and Government Official. This particular group serves the common interests with Nestle which is in sharing the fresh thoughts and ideas on behalf of how the NGOs‚ governments
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Action Items 1. Review the assigned readings from the text and article by Carroll (1991). 2. Prepare a 3- to 5-page paper titled‚ Corporate Social Responsibility. 3. Reflect upon your text readings from Chapters 1 and 9 with a focus on the following core concepts: Organizational Social Responsibility (Chapters 1 and 9) The Ethical Decision-making Process (Chapter 1) Corporate Reputation (Chapter 9) The Corporate Social Responsibility Pyramid (Chapter 9) The Importance of Trust (Chapter 9)
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Toward Professional Ethics in Business J. N. Hooker Graduate School of Industrial Administration Carnegie Mellon University‚ Pittsburgh‚ PA 15213 USA March 1996 Abstract Before a code of professional ethics can be formulated for business managers‚ it must be understood why management should be considered a profession and what should be its central mission. This paper proposes answers to these questions. 1 Introduction There are two kinds of ethical obligation in business. There are obligations
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The Impact and Influence of Business Ethics Ethics is a vital component of every business‚ and it is doubtful that a business will survive without having a strong stance and espoused value of ethical behavior. “There has to be two dimensions to leadership: performance and values” (O’Rourke‚ 2010‚ p. 61). In his discussion on business ethics O’Rourke (2010) also comments that every company should have a written statement of ethical behavior that encompasses all processes within the organization
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Business Ethics and the Real Estate (Critical Analysis Template) Name: Jasper Esmalla Class: BUSI 560 Section: Spring 2011 Critical Analysis Topic: Business Ethics and the Real Estate PRINCIPLE: ◆ Defined as the standard by which one judges between moral right and wrong (Lawrence & Weber‚ 2011). o Covers every area in the business: - Accounting and financial responsibility - Marketing and advertising - Information Technology ◆ Is the application of ethical ideas
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