According to the Ethics Competency: Time Off for Bad Behavior,Samuel

question 122

True/False

According to the Ethics Competency: Time Off for Bad Behavior,Samuel Waksal,former CEO of the biotech firm ImClone,was serving time in a federal prison for insider trading.He was released nine months early,for completing a counseling program for alcohol addiction.

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Definitions:

International Sale of Goods

Transactions involving the cross-border purchase and sale of goods, governed by conventions like the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Unconscionable

Describes an agreement so unfair or unjust that it shocks the conscience, often deemed unenforceable by courts.

Resale of Goods

The act of selling an item that has already been purchased, typically referring to the sale of goods by businesses to consumers.

Broken Contract

A situation where one or more parties fail to fulfill the terms and conditions outlined in a legally binding agreement.