California State University Fullerton Timmco Case Study

THIS IS THE FINAL PAPER FOR THIS COURSE. NEED 8 – 10 PAGES. MUST UNDERSTAND LEGAL LAW AND REFERENCE USING OUTSIDE SCHOLARLY SOURCES IN ADDITION TO THE COURSE TEXT CHAPTER FOUR (ATTACHED) REFERENCING AT LEAST ONE OF THE ETHICA THEORIES:   rights theory, justice theory, utilitarianism, shareholder theory, and virtue theory. INSTRUCTOR IS VERY PICKY ON GRAMMAR. PLEASE ENSURE ALL CASES OF THE ANALYSIS IS ADDRESSED BELOW.

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This Final Paper is comprehensive reflection of the knowledge you  have learned in this course. Thus, prior to beginning work on this  assignment, review each of the chapters of the course textbook. Then,  review the following case study:

For this class, The Timmco Case Study Final Paper will apply toward  Folio. Be sure to upload your paper to Folio once you have completed it  and share a link in your submission in addition to uploading it to  Waypoint to be graded. Learn more about Folio by reading the Folio Quick-Start Guide (Links to an external site.).

Timmco Case Study

Timmco, Inc. is a publicly traded corporation located in Denton,  Texas that makes and sells high pressure industrial spraying equipment  used in all sorts of commercial liquid spraying applications. It prides  itself on top quality and promotes its products as “100% made in the  USA”.

Sales have been declining recently due to competition from lower  priced competitors and Timmco is looking for ways to reduce costs. One  option under consideration is to find a new source for the high-pressure  valves used in its products. These valves are complicated mechanisms  that operate under very high internal pressure. If the valve was to  burst, it would spray pieces of metal in all directions and pose a  significant hazard to anyone standing nearby including the operator of  the equipment. Timmco currently has a contract to purchase 1,000 valves a  year at $2,500 per valve from Blagg Industries, a small privately owned  business located in Boone, North Carolina. The contract has been in  place for three years and has two more years to run.

Blagg Industries has a dozen employees. Timmco is its primary  customer. If Blagg Industries loses Timmco’s business, it will have to  lay off employees and might even go out of business.

Timmco is considering outsourcing the valves from Sanco, an overseas  supplier in the country of Slawrovia, instead of buying valves from  Blagg Industries. The Sanco valves only cost $1,000 each, but are known  to be of lower quality than the Blagg Industries valves and are more  likely to burst. Sanco can supply these valves at such low cost because  they pay their workers, including children, less than the equivalent of  $5 per day and work them long hours in hot, dangerous conditions.

Slawrovia is a poor country, but it has a large government  bureaucracy and there is a lot of red tape involved in getting approval  to export manufactured goods to other countries. In fact, it might take  more than a year for Sanco and Timmco to obtain the necessary approvals  for Sanco to export the valves to Timmco. Fortunately, the CEO of Sanco  is related to the Slawrovia Minister of Commerce and has told Timmco  that the necessary approvals can be obtained in less than a week if  Timmco makes a $20,000 “gift” to the Slawrovia Minister of Commerce.

In addition to finding a new, low cost valve supplier, Timmco plans  to increase sales by running a new marketing campaign that focuses on  their commitment to American made quality. The tagline will be “Made in  the USA by Americans, for Americans.”

You are a high-level executive at Timmco. Analyze the legal and  ethical issues presented by the Timmco scenario. Your legal and ethical  analysis should include breach of contract and remedies, negligent  torts, product liability, the Foreign Corrupt Practices Act, and  deceptive advertising and should incorporate a discussion and  application of one or more of the ethical theories from Chapter 4 of the  course textbook Business law: The Ethical, Global, and E-Commerce Environment.

Your legal and ethical analysis should,

  • Analyze breach of contract and remedies
  • Analyze negligent torts
  • Analyze product liability
  • Analyze the Foreign Corrupt Practices Act
  • Analyze deceptive advertising
  • Incorporate a discussion and application of one or more of the ethical theories from Chapter 4 of the course textbook Business Law: The Ethical, Global, and E-Commerce Environment.

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