978-0077733735 Chapter 1 Solution Manual

Type

Solution Manual

Book Title

Business Law with UCC Applications 14th Edition

ISBN 13

978-0077733735

April 10, 2019

Answer Key-BLUCCA/14/e

Part 1 Ethics, Law, and the Judicial system

Chapter 1 Ethics, Social Responsibility, and the Law

Opening Case Questions

1. Whether the quantification of non-monetary experiences is fair to those of us who cannot

afford to pay for the privilege of “being first in line” depends upon the ethical theory that the

learner has adopted after reading the chapter. If the learner has adopted the market value ethics

of the philosophy of neoliberalism, then, “yes,” the richest among us have somehow “earned”

the right to be first in line. The point of the study of market value ethics is to demonstrate the

negative aspects of this philosophy (actually trend would be a better word, precisely because it

reflects a loss of the traditional value of justice. If the learner has adopted social contract

2. Since the right to pursue happiness promised in the Declaration of Independence does not

guarantee the success of that pursuit, whether those of us who succeed should be encouraged

to enjoy that success by sitting in a skybox depends upon the ethical theory that the learner has

adopted after reading the chapter. If the learner has adopted the market value ethics of the

philosophy of neoliberalism, then, “yes,” the richest among us have somehow “earned” the

3. The Federal Communications Commission is justified in imposing an

antidiscrimination rule on ISPs if we are really talking about an anti-discrimination law.

4. Both the FCC and those opposed to the FCC’s anti-discrimination rule claim to

5. Yes. Market morality differs significantly from every other theory that we have

studied in this chapter because market value ethics uses quantification as the way to measure

Questions for Review and Discussion

1. The law is a set of rules made by the government to promote stability, harmony, and

2. Positive law theory states that the law comes from social institutions. Natural law theory

5. The steps in applying utilitarianism are: (1) state the action to be evaluated in

non-emotional and general terms; (2) determine the people affected by the action; (3) determine the

7. Many of the misunderstandings about moral decisions within the world today exist

because people do not understand the dual nature of international morality. The twentieth century

philosopher, Max Weber explains the problem in his essay, "Politics as a Vocation." In that essay,

10. The law and ethics can sometimes benefit from anarchy, but only when what emerges from

that period of anarchy is a system supported by legal and ethical harmony. When the forces of human

energy and justice are harnessed properly such harmony may result. Energy is found in a society that

Cases for Analysis

Special Directions to the Instructor: It is virtually impossible to predict the wide variety of answers

that students will provide for the ethical cases outlined at the end of Chapter 1. Therefore, the instructor

END CHAPTER ONE

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