Case 14.2 – Page v. Gulf Coast Motors Parties Plaintiff: Gulf Coast Motors (The Company) Defendant: Glenn A. Page and Mary R. Page Glen A Page and Jerry Sellers‚ the owner of Gulf Coast were friends. Facts Glenn A. Page was friend for a long time of Jerry Sellers‚ an owner of Gulf Coast Motors. Glenn began borrowing money from Gulf Coast Motors on a regular basis for two years. There was no formal loan process. Glenn would sign a ledger where it was written “I agree to pay Jerry Sellers
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This case study is based on an ethical dilemma due to a 2011 oil spill. Enbridge had an oil spill near Wrigley. Although the company has taken responsibility for the spill‚ the members of the community are uneducated people who live off the land. The members of the community do not understand the technical jargon buried in the 600 pages of documents the company has presented them with. To try and fix things they offered the community members $5‚000 to get a consultant. 1. The facts. Gather
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Last weekend‚ I went to Suwanee‚ GA to see my father and stepmother because it had recently been my stepmother’s birthday. In celebration we chose to dine out at a restaurant called Gulf Coast Grill. It was the first time my family had eaten at the restaurant‚ but will not be the last. Once stepping inside‚ I knew it was going to be interesting because the restaurant had a very strong beach theme as well as a live band playing. After being told it was going to be a fifteen to twenty minute wait‚
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Professor Quazi Seraj English 112 11 October 2012 Deepwater Horizon Oil Spill The Deepwater Horizon oil spill was a devastating event that lasted several months. It occurred on April 20 through July 15‚ 2010 offshore Louisiana‚ Gulf of Mexico‚ USA. Deepwater Horizon is owned and operated by British Petroleum (BP). The spill was caused by an oil gusher on the ocean floor. The Deepwater Horizon rig started drilling a well at a water depth of 5‚000ft
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INTRODUCTION Upon the evening of April 20th‚ 2010‚ a series of deadly explosions occurred within the oil rig giant‚ Deepwater Horizon‚ an immense offshore drilling platform‚ located 40 miles off the Louisiana coast (Steffy‚ 2011). These explosions were due to a defective blowout preventer and numerous gas leaks seeping up and through the well to the riser pipe‚ connecting to the rig‚ igniting fire. The efforts of attempting to save this flame ridden platform was lost on April 22‚ 2010‚ for the rig
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The Standard Oil Company of California(Socal) is trying to determine how much to bid on the Gulf Oil Corporation. George Keller‚ the CEO of Socal‚ would need to borrow 14 billion dollars in order to make a substantial bid. While banks are willing to lend the money because of Socal’s low to debt ratio‚ the loan would put the company in a highly leveraged position. In order to alleviate that debt‚ some of Gulf’s assets could be sold. Keller has to consider the value of Gulf’s exploration and development
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Executive Summary Given the facts in the information provided‚ we do not feel that an offer of more than $64.17 per share is justified. We recommend that management still submit this bid even though it will probably be rejected. Gulf Oil may be forced to accept a bid lower than $70 per share in the event financing falls through for competitors or other unforeseeable circumstances evolve‚ such as regulation by FTC. The numbers presented below are reliant upon estimates‚ which makes the findings
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Deepwater Horizon Oil Disaster Conflict Kris Stephens BUS 5903 Conflict Resolution Dr. Jacqueline Gilliard Kstephens1@twu.edu August 22‚ 2010 Executive Summary British Petroleum (BP) is one of the largest oil companies in the world. They have recently been making the headlines for all the wrong reasons after suffering a record breaking oil spill in the Gulf of Mexico. Tony Hayward‚ former CEO‚ has been criticized for his handling
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INTRODUCTION Due to the very nature of oil resources‚ the environment is invariably affected. The first way in which the environment is affected by the oil industry is through both the drilling and the transportation processes. The chemicals used in the drilling can be harmful to the environment‚ drilling itself poses a great danger‚ for instance in case of an oil spill (as the Deepwater Horizon oil spill showed)‚ and as the Exxon Valdez disaster so evidently portrayed‚ transportation can be equally
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Engineering Ethics Case Analysis and Action Proposal Oil Spills Students: Fatima Al Khouri 100020247 Hind Al Muhairi 1000020268 Instructor: Dr. Jorge Submission Date: Wednesday October 17th‚ 2012 ------------------------------------------------- Case Summary Peter has been working for with the Bigness Oil Company’s local affiliate and established a trusting relationship with Jesse‚ manager of the local facility. Jesse was pleased with
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