The common law is a term for the laws that are familiar to most of us.​

In a corporation, who has the responsibility for management of the company?

If an action is legal, it is ethical.​

Ross, a research manager for Stock & Bond Investments, Inc., adheres to utilitarian ethics. Ross will determine that an action is morally correct when it produces the greatest good for​ ___.

An Oklahoma state court can exercise jurisdiction over Petro Resources Inc., an out-of-state company, if the firm has​ ___.

Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda’s Buns n’ Burgers in exchange for her payment of a debt that Lyle owes to New Credit Corporation. New Credit is​ ___.

Sforza files a suit against Thieu. If this suit is like most cases, it will be​ ___

If a buyer breaches a contract, the seller can simply cancel the contract.​

Stephan wins his suit against Tidewater Boats, Inc. Tidewater’s best ground for appeal is the trial court’s interpretation of​ ___.

Based on what you’ve learned in this unit, define ethics.  Use at least one example of how businesses can engage in ethical practices. Response must be at least 40 words in length (3-4 strong sentences) for full credit.  Use complete sentences and proper capitalization for full credit.  Don’t stress about perfect spelling or grammar.