Business ethics and business laws
We have been given this case study about William and we are asked to provide with an analysis of both legal and ethical issues in the facts provided below. GENERAL FACTS: I will start my analysis by providing with some of the basic facts that have been mentioned in the case study and then I will give my recommendations accordingly. William, mid-level manger, is working in one of the large and stable companies located in Houston, Texas which is Employees R US (ERU).
It operates a temporary employment agency through which temporary employees are hired in short term positions to fill immediate needs in a variety of industries across Houston area. William has recently joined ERU after working in a firm for one year that did not fit his personality. He is content with his new job as it has good retirement benefits, excellent vacation packages, and the ability to work flex-time when necessary. Even the salary is comparable to those firms working in large cities but a higher cost of living so overall he is fully satisfied.
The biggest asset of ERU is the employees it hires. It prides itself in having employees who are hard working, loyal to the firm and conduct themselves with integrity and honesty. Part of ERU’s Code of Ethics provides: We strive to hire employees who, at all times, conduct themselves in the most professional and ethical manner possible. While we do not govern employees’ behavior outside the work place, we desire that our employees conduct themselves in a manner which represents our values, at all times.
We believe that a person who truly demonstrates the characteristics of honesty and integrity will do so in both his/her professional and personal lives. Then in our case study there is also another person known as Jennifer, William’s fiancee. She is a real estate agent who makes personal investments in real estate. She investigates economic growth and development around the city and purchases estates for investment purposes. William recently bought a house on Jennifer’s advice and the couple is remodeling a large portion of the hose and is now planning to get married.
Jennifer and William also hosted a house warming party. At the party, William’s best friend from college, Mark (a recruiter for national employment agency called You Need We Find, Inc. ), asked William about his job at ERU. As William was fully content with his job he boosted a little about his good luck in finding that job. He also told Mark about the packages offered. In short, Mark asked William to pass along his resume and write a recommendation letter and within a week mark got the job.
To celebrate this Mark invited William to a pub and there William got to know many unknown things about mark and he felt quite uncomfortable later on. On the other hand, Jennifer was asked to act as real estate agent for some firm by her former business partner. Within a week Jennifer found a property for $300,000. In 24 hours all signatures were obtained and closing to occur in two weeks. The contract was signed but there was also a clause that $2000 was to be paid when the contract is signed so no legal action will be taken.
if amount is not paid at the closing but Thomas was unable to pay both the non-refundable money and h whole amount and told Jennifer that his investors had backed out and has left him with no funds. FACTS RELEVANT TO LEGAL ISSUE: The part of Mark’s tale about spending a vacation with the girls of the accounting department and his looking into a prospective merger with other company can also have a legal action against it as it was an act that he shouldn’t have done. It was both illegal and unethical.
According to me, I think there is more than one legal issue mentioned in this case study but I am going to discuss the one which is more important and more relevant and that is the Jennifer’s real estate problem. She received an offer of acting as a real estate agent from Thomas, Jennifer’s former business partner from the real estate business. He was representing Jennifer’s clients who were in the process of incorporating a business that would develop e-learning solutions for various types of businesses.
She was supposed to look for a property that would perfectly suit the desires of the people working in the company and also the nature of the business. She found such property in a week and all the legal formalities were fulfilled except for the non-refundable deposit of $2,000, which was due to be paid. But the investors were at that time short of money. No down payment was done just the contracts were signed and closing date was to occur in two weeks. The investors did not pay the amount on the closing.