Explain the Differences Between Legal Responsibility and Ethical Responsibility of a Company.Provide

question 86

Essay

Explain the differences between legal responsibility and ethical responsibility of a company.Provide an example for each type of responsibility for a company.

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Definitions:

Documents of Title

Legal documents that provide proof of ownership of property, such as bills of lading or warehouse receipts.

Farm Products

Items derived from farming activities, including crops, livestock, and products directly obtained from livestock or crops (e.g., milk, eggs, wool).

Consumer Goods

Products and commodities that are bought and used by individuals or households for personal use.

Chapter 7

A provision of the U.S. Bankruptcy Code that deals with liquidation, where a debtor's non-exempt assets are sold to pay creditors.