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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

Question Posted: