Type
Solution Manual
Book Title
Business Law with UCC Applications 14th Edition
ISBN 13
978-0077733735

978-0077733735 Chapter 1 Solution Manual

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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