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What Are Some of the Reasons Given for Why the Board

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What are some of the reasons given for why the board of directors should be responsible for ethics?

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Definitions:

Implied Warranty

A legal assumption in a sale that the goods or services are fit for the intended purpose, even if not explicitly stated.

Merchantability

A warranty that a product will meet reasonable expectations of quality and perform as generally expected by consumers.

Basis-of-the-Bargain

A legal concept that refers to the conditions and terms that are regarded as crucial in a contractual agreement between parties.

Tort Cases

Legal disputes where one party alleges harm caused by another's wrongful act, seeking compensation for suffered damages.

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