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Brad Gupta formed two companies, Ameriquest Holdings and Ananya Aviation, for which he purchased three airplanes that were in lease agreements with US Airways and Continental Airlines. However, after the events of September 11, 2001, the two airlines did not renew their leases for the three planes now owned by Gupta. Consequently, Gupta could not continue his loan repayments, and U.S. Bancorp Equipment Finance foreclosed and sold the planes. U.S. Bancorp sought to enforce the loan agreements for the millions of dollars still owed for Gupta's debt after the proceeds from the sale of the airplanes had been deducted. Gupta, however, argued that the events of September 11, 2001, resulted in immense losses to the airline industry and that performance of the loan agreements (i.e., repayment) was impossible. Did Gupta properly raise the defense of impossibility? What was the court's reasoning?
First, ignore and do not provide answers to the last two questions of the scenario, i.e., "Who bears the risk? Explain your answer" and "Is there a contract? if so, what are the terms? Explain your answers. Also discuss the use of Supplier's oral ..
write an 800- to 1000-word paper in which you analyze the relationship between ethics and professional behavior in the
Although Ethical relativists believe that what is right is determined by what a culture or society says is right, confusion about them abound. Explain the three unsatisfactory implications to their point of view.
Joe Student had been drinking heavily one winter's night at The Plaza, a popular campus bar. Student got involved in an argument with Bob Bartender, an employee of 011ie Owner, owner of the bar, when Bartender refused to serve Joe Student any more..
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Describe an ethical dilemma that you faced in the workplace and the course of action that you took. Analyse whether your decision was economically, legally and ethically responsible and defend your response.
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