The Manufacture and Sale of CFCs Was Very Profitable for the DuPont

question 20

Essay

The manufacture and sale of CFCs was very profitable for the DuPont chemical company, and they and other industry scientists actively resisted their ban, using both political and scientific means. Considering that most of their products do not cause a global catastrophe and products must be sold in order to generate profit, it is in their interests to take an "innocent until proven guilty" approach to regulation of their products. What approach to environmental policy was used for the Montréal Protocol? Why is it required that scientists acknowledge any competing interests when they submit a manuscript for publication in a peer-reviewed journal?

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Definitions:

Uniform Partnership Act

A model set of laws intended to standardize the governance of business partnerships within the United States.

UPA

Uniform Partnership Act; a set of laws adopted by many states in the U.S. that governs the operations of partnerships and the relationships between partners.

Expressly Agree

To give a clear and definite agreement or consent to a specific term or condition.

Liquidation

In regard to corporations, the process by which corporate assets are converted into cash and distributed among creditors and shareholders according to specific rules of preference. In regard to bankruptcy, a proceeding under Chapter 7 of the Bankruptcy Code, often referred to as ordinary or straight bankruptcy, in which a debtor states his or her debts and turns all nonexempt assets over to a trustee, who sells the nonexempt assets and distributes the proceeds to creditors. With certain exceptions, the remaining debts are then discharged, and the debtor is relieved of the obligation to pay the debts.