Fault Under the English law individual liability is based liability on the concept of blameworthiness. The oxford English dictionary defines fault as ‘responsibly or blame for an offence or misdeed’ it is not considered appropriate to subject someone to civil or criminal sanctions unless it can be proved that he or she performed on illegal at in a blameworthy manner. Blame does not normally attach in civil law if the injury occurs accidently or in criminal law or the crime occurs through in honest
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corporation‚ large enough to hurt the economy? The Enron scandal is an example of a historical exposure of unethical behaviors within a company and it is also one of the largest corporate scandals in America. Enron started as a gas pipeline company. It soon expanded into the world’s largest and dominant corporation focusing on trading gas‚ electricity and water – the most essential needs of a citizen living in North America. In December of 2001 Enron filed for bankruptcy. The moral concern from
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The Alpine Fault Investigate the evidence relating to geological event(s) Micheal Munro AS91412 Intro The Alpine fault is the boundary of the Pacific oceanic plate and the continental Australian plate. It is located almost through the entire south island of New Zealand extending about 600 Km across it1. It is one of the world’s major geological features and is responsible for the amazing Southern Alps. Each time it has ruptured it has moved both vertically as well as horizontally. Some believe
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A whistleblower is a person who tells the public or someone in authority about alleged dishonest or illegal activities. However‚ Sharron Watkins only blew the whistle internally and so did not do everything she was morally required do as Vice President of Corporate Development for Enron. 1. Sharron Watkins ignored the first signs of fraud in a selfish pursuit to develop her own career. When first warning signs of fraud happened in 1996 Watkins protested against them to higher management however
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Enrons Fall Kenneth Lay – CEO Auditors – Arthur Anderson Jeffrey Skilling – Consultant‚ Hired as a young consultant‚ as due to deregulation‚ Enron incurred massive debts. Jeffrey skilling was hired to come up with innovative new ideas. His revolutionary idea for Enron was to ‘create a gas bank in which Enron would buy gas from a network of suppliers and sell to a network of consumers‚ contractually guaranteeing both the supply and the price‚ charging fees for the transactions and assuming the
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When the door creaked open‚ Margot slowly walked out of the closet; she was sad‚ confused‚ and full of fear‚ and she didn’t know what to do. All she heard was rain falling on the roof. Margot was frustrated and furious at the students who had locked her in the closet. Seeing the sun is all she had wanted to do‚ but they took that away from her by locking her in the closet. Margot was surprised that no one said a word. Finally she asked quietly‚ “Why did you do that?” No one answered. Margot was
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Kovaleva Mary Assignment 3. Enron scandal Rise of the company Enron was an American energy company based in Houston‚ Texas. It was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In 1985‚ Kenneth Lay merged the natural gas pipeline companies of Houston Natural Gas and InterNorth to form Enron. In the early 1990s‚ he helped to initiate the selling of electricity at market prices and‚ soon after‚ the United States Congress passed legislation deregulating the
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ENRON Background and Overview: Enron was famous in the business world. Known as the innovator‚ technology powerhouse and a corporation. It was named the America’s most innovative company for six years by Fortune’s Most Admired Companies survey. The fall of Enron in 2001 shattered not just the business world‚ but also the lives of the employees and the people who believed that their soar to greatness was genuine. It turns out to be the America’s biggest corporate bankruptcy. Before the
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System Fault Analysis 2.0 Introduction The fault analysis of a power system is required in order to provide information for the selection of switchgear‚ setting of relays and stability of system operation. A power system is not static but changes during operation (switching on or off of generators and transmission lines) and during planning (addition of generators and transmission lines). Thus fault studies need to be routinely performed by utility engineers (such as in the TNB). Faults usually
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tragedy. Well‚ it’s happened again. People are at loggerheads over who is to blame. The Capulets? The Montagues? Or one of those small characters in-between? On internet forums and online discussion sites there’s numerous Baz Lurhmann fans clamouring to add their opinion. Admittedly‚ they’re quite well done. Of course‚ you have the odd drongo who couldn’t be bothered to give the matter any thought: Shakespeare’s fault‚ he wrote the play in the first place *smiley face*. But quite often you’ll
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