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An examination of ethical and legal issues in the business world is absolutely the last time. The concept of increased competition in the industry, and ethics to educate consumers about the quality of enforcement. In this event, is essential for all entrepreneurs, to ensure compliance with the legal and economic laws. This favorable conditions for businessmen, but it is not a good picture of the business unit. Many companies, including various conditions that are considered as are often in illegal or unethical. Like any other person, the company must take responsibility for your actions. In fact, the bankruptcy of General Motors in 2009, very interesting. In this sense, this paper will analyze in depth the issues involved in legal and moral bankruptcy of General Motors to discuss the question and the decision about the matter (234 Cross) to give individual consideration.
Case of insolvency of GM and its creditors in 2009 hotly debated in public. Case the bankruptcy law was reasonable in relation to the U.S. Code. The company's assets were several inconsistencies in the behavior of the company. The problem of illegal sales was 363, with which company to dishonest NGMCO Inc., the previous action and ideas, companies outsource the decision was illegal. This takes into account the interests of the creditor was not taken into consideration. In business settings, an enterprise with an interest in the protection of shareholders and the public the company's responsibility to ensure (1 Womack) is
Business aspect to ensure a legal will that person is responsible for the company's results. In this regard, General Motors had a duty to carry your load. The concept of transferring your debt to others is illegal. In this case the decision is justified on the company's liquidation. The interests of creditors, which is consistent with a larger stake in the company. Above all, the rights of creditors can be done on a priority basis, which revealed no problems with the company was fraudulently transferred to creditors. Based on this incident, the company decided liquidation creditors legally justified (79 SEGLIŅŠ) to pay.
Through the payment of all creditors of the company's liquidation decision was useful for creditors. This is a limited liability company would result in violation of the interests of the creditors. In the field of commercial law, creditors, customers and other stakeholders' rights and interests in the foreground. Was General Motors, the lenders party's case on the basis of risk, they are asking for intervention. Creditors of the court decision, the company's position that unethical behavior was a relief to the accused. In particular, sales of 363 is very harmful and unacceptable that legal action (234 Cross) was required.