F.A. Investment Group, Inc., owned an apartment building in Philadelphia, Pennsylvania. Over a two-year period, the city
Question:
F.A. Investment Group, Inc., owned an apartment building in Philadelphia, Pennsylvania. Over a two-year period, the city cited F.A.
Investment for a variety of housing code violations. These violations included failure to maintain regular electrical service, a nonfunctioning fire-detection system, inappropriate emergency lighting, and insufficient heat. Concluding that the violations presented a danger to human life, the city closed the building and relocated the tenants. F.A. Investment did not try to correct the violations or contact the city.
It also simply stopped paying property taxes on the building.
Consequently, the city demolished the building and sold the property for failure to pay taxes. What do F.A. Investment’s actions suggest about its corporate ethics? How might the property have been managed to avoid this situation? Explain.
Step by Step Answer:
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell