Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Sophia negotiated a contract with Pete under which she would buy his company for $10 million plus the amount of the company's outstanding debt (approximately $1 million). But when Pete sent a draft of the contract, it stated that the purchase would be $10 million less the company's debt. What is Sophia's ethical obligation to Pete. Should she tell him about the mistake? What Life Principles would you apply in this situation?

Sagot :

Tundexi

Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract.

What is an ethical obligation?

An ethical obligation refers to a moral requirement to follow a certain course of action.

Hence in this case, Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract and correct the same.

Should she tell him about the mistake?

Yes, she should tell him because both party in a contract are expected to be transparent and disclose facts to one another.

What Life Principles would i apply in this situation?

I will apply the life principles of transparency.

Read more about ethical obligation

brainly.com/question/25891637

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.