Thursday, May 21, 2020

Business Law And Ethics Attorney Guidance - 5895 Words

Business Law and Ethics Attorney Guidance to an Entrepreneur Constitutional Rights: The first amendment was made for protection of speech and commercial speech. There are many entrepreneurs that are selling information and parts of the constitution will protect those businesses as they have liberty to economic freedom as well (Bonham, 2013). It is the right of those businesses or entrepreneurs and not the governments right to choose what occupation to pursue (Bonham, 2013). Some successful entrepreneurs are those that publish books, software, newsletters and websites (Three steps you must take to Ensure CFPB Compliance). BackOffice has entrepreneurs that are developing a software app and a service for that app. The†¦show more content†¦There are new regulations and periodic audits that can be of concern, however, there are ways to be proactive as well. If the vendors are breaking rules, even if performing well, than the company is still liable for those actions as well (Three steps you must take to Ensure CFPB Compliance). It is also unethical or non compliant to break the rules (Three steps you must take to Ensure CFPB Compliance). Having an audit process in place with documentation and expectations from the vendors, focusing on long term performance while learning about CFPB compliance measures will help to understand the CFPB. Though all companies have freedom of speech and right to economic liberty as stated in the constitutional rights, BackOffice has every right to sell a software app and an app service to perform certain functions such as receiving payments for sales and services. Since 2010 when CFPB was created with the help of the Dodd– Frank Act, it is known that a consumer financial product or service is a financial product or service offered or provided for use by consumers primarily for personal, family, or household purposes (Three steps you must take to Ensure CFPB Compliance). BackOffice will need to understand what items should be done to be proactive and compliant so it does not pay excessive fines and penalties. CFPB has every right to create regulations to protecting the consumer. Organizations,Show MoreRelatedFlying Glass Case Study Case1717 Words   |  7 Pagesexploded, without warning. Amy is suing the grocery store and the soda manufacturer for damages and medical expenses for treatment of cuts caused by the exploding bottle. Amy s attorney, Martin Leonard, hired a chemical engineer, Dr. Dan Collins, P.E., to testify at the court trial. During cross-examination, the opposing attorney asked Dan, Wouldn t a simultaneous explosion have left some broken glass and soda pop residue on the bottom shelf? Although Dan believes that a spontaneous explosion wouldRead MoreCode of Business: Ethics and Conduct7244 Words   |  29 PagesCODE OF BUSINESS ETHICS AND CONDUCT Everything  we  do  Ã‚   should  be  with  the  Ã‚   highest  integrity.  Ã‚   No  ethical  shortcuts  Ã‚   of  any  kind.  Ã‚   Integrity  and  honesty  Ã‚   are  simply  Ã‚   not  optional.   2        Ã‚     Ã‚   NOTE  TO  EMPLOYEES:  In  this  Code,  Ã¢â‚¬Å"Company†Ã‚  means  Burger  King  Corporation  and  its  subsidiaries  and   affiliates.  This  Code  is  not  an  employment  contract  and  compliance  with  this  Code  does  not  guarantee   continued  employment  with  the  Company.  Any  modification  to  current  terms  and  conditions  of  your  Read MoreThe Sarbanes Oxley Act Of 20021563 Words   |  7 Pages2002 (SOX) was enacted to bring back public trust in markets. Building trust requires ethics within organizations. 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