Legal And Ethical Environment Of Business Law

Discussion: At Least 200 words. No Plagiarism

Contracts are things that people encounter on a daily basis. From buying groceries to eating out to paying the cable bill, you likely experience contractual relationships all the time. The business world is no different. Businesses enter into contracts for everything from ordering office supplies to multimillion-dollar real estate leases to sponsorship agreements.

Case Example: You are the Executive Director of a nonprofit organization (this is basically like being the CEO of a nonprofit organization). Your nonprofit is an environmentally conscious organization that promotes and supports clean energy. You were recently approached by Big Bad Oil, Inc. about entering into a contract. Big Bad Oil, Inc. would provide your small and underfunded nonprofit organization with sponsorship money as long as you do not speak out against Big Bad Oil, Inc. Choose a position, and discuss your answer:

• FOR argument: As Executive Director, would you be for accepting the sponsorship money because your organization is underfunded? If so, how would you handle board members who state that your acceptance of such sponsorship money is unethical?
• AGAINST argument: As Executive Director, would you be against accepting the sponsorship money because it comes from a source that your organization criticizes? If so, how would you handle board members who state that your denial of such sponsorship money is unethical?