Discussion for online Business Ethics class - Week 3 Essay

Discussion for online Business Ethics class - Week 3 - Essay Example e equal on social and economic grounds, even then there will remain a perceptual dissatisfaction due to human’s nature to look beyond what he is today and thus strive for more, than what others have. Thus social democratic societies cannot achieve happiness. However, Kelly believes that happiness comes from exercising freedom. He calls the corporation of today as the government of the propertied class, a concept similar to plutocracy and timocracy where privileged class dictates the terms and thus few is the number of happy people. Therefore in order to bring happiness amongst the society, it is necessary to bring happiness amongst masses which can be brought by ending the rule of the elite, and the introducing the measures that shall also use the growth of other stakeholder’s such as employees to indicate the growth of the corporations. Kelly has distinguished a corporation from its stockholders. The role of corporation is not to maximize profits only but to also address the issues of the corporate stakeholders that also include employees, customers, suppliers, creditors etc. Thus instead of focusing on the shareholders only which it does by perceiving each and everything from his eye only, it shall also focus on the well being of its other stakeholders too by increasing wages and funding healthy environment for instance. While Novak’s perception is optimistic about corporations, Kelly views it pessimistically. Novak believes that corporations have been wrongly blamed to have ignored morality and promoted only that, which has been useful to them but he agrees that corporations do have the elements of aristocracy. On the other hand Kelly believes that the corporations have wrongly assumed the role of exercising the desires of the elite, it has to do more than maximizing the profits of its shareholders. Therefore, instead of competing on the wealth of the shareholders, the corporations need to compete on wider basis such as raising the standards of the

Commercial law Essay Example | Topics and Well Written Essays - 2000 words - 5

Commercial law - Essay Example On the other hand, a Cost, Insurance and Freight (CIF) contract refers to an agreement of selling shipped goods at a price inclusive of the total cost of the goods, freight to the port destination and the maritime insurance coverage. One of the major essential features of CIF contracts is that it requires the vendor to ship the agreed goods in the contract, procure a bill of lading (contract of carriage), arrange for the insurance of the goods, and make a commercial invoice before finally tendering the documents to the buyer1. For example, in the case Biddle Brothers v Clemens Horst Co.2, it was ruled that the buyer was obliged to make the payments before the shipment of goods. This paper offers advice to the parties involved in the case namely, Bernadette, David and Barkers Bank with particular focus to their obligations, limitations and potential remedies in the event that a breach of the contract occurs. Based on the circumstances facing Bernadette in the presented case, the major challenge that arises is whether under the English commercial laws, Bernadette would be able to recover the money she paid for the documents from Arthur, claim the insurance policy or take legal action against the carrier in tort compensation for the damaged goods since she had already made the contract payments. Bernadette is obliged by the law to pay Mr. Arthur (the seller) even if the rice was destroyed during shipment. This can particularly be seen in the case Manbre Saccharine Co Ltd v Corn Products Co Ltd[3]Â  in which the court ruled that that the seller may still claim payment even if the goods are lost or destroyed after shipment. In my opinion, the only available remedy subject the English commercial laws is to sue Claude’s vessel Jeanne d’Arc carrier for compensation of the loss incurred due to the damage of rice during the