In the Heritage case, the two companies had agreed to $.01. When Heritages lawyer pointed out to

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In the Heritage case, the two companies had agreed to $.01. When Heritage’s lawyer pointed out to his client the change to $.10, the Heritage officer did not tell Phibro. The change was subtle in appearance but important in its financial impact. Was Heritage’s behavior ethical? When the opposing side makes a mistake in a contract, do you have an ethical obligation to tell them? What principles would you apply in this situation?

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Business Law and the Legal Environment

ISBN: 978-1133587491

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

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