MKD Transportation Operates a Fleet of Container Ships and Tankers

question 112

Essay

MKD Transportation operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a credible report that one of their ships is leaking an oily substance off the coast of Belize, but the captain of the ship in question has not notified the company of any problem. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup. Managers at MKD claim to treat their employees in an ethical fashion. What matters might this behaviour cover?

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Definitions:

Consideration

A value promised in exchange for a certain act in a contractual agreement.

Quantum Meruit

A legal principle where a party is compensated with a reasonable sum for goods or services provided, even if no contract exists.

Quantum Valebant

A principle in contract law that allows for the recovery of as much as deserved, or the reasonable value of goods or services rendered when no contract price was established.

Commission

A fee paid to an agent or employee for conducting a transaction or performing a service.