Legal Issues: Contract Agency Law

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apa format 600 words

In the Unit 1 Discussion Board, you analyzed a corporation’s social responsibility with regard to its customers. Not only do corporations have responsibly to their customers, but their corporate officers or directors owe fiduciary duties to their corporation and its stockholders. Corporate officers, such as a chief executive officer, president, chief financial officer, treasurer, corporate secretary, and so on are agents and carry out the daily operations of a corporation.

You are Phishy Pharmaceuticals’ CEO, and therefore an agent of Phishy Pharmaceuticals. This week you have learned agents have fiduciary duties they owe the corporation (principal)? Choose a fiduciary duty, and complete the following:

  • Based on the first initial of your last name, complete the following steps:
    • First initial A – L: Provide an argument as an agent (CEO) with a duty to the principle (Phishy) that supports the decision to leave the diet pill on the shelf.
    • First initial M – Z: Provide an argument as an agent (CEO) with a duty to the principle (Phishy) that supports your decision to remove the diet pill from the shelf.

Responses to Other Students: Review the opposing thread comments. Respond to at least two of your classmates in the opposing thread with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening.

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