Business Law - Contracts

Follow the link to an article about the "robot" that held a city's cars for ransom. Read the article and think about what could have been written into the contract before the garage was built to prevent the problem. Then come back and answer the questions below.

Link: http://www.wired.com/news/technology/0,71554-0.html

1. What mistake(s) did the city make when agreeing to the software purchase / license when they first contracted to build the garage?

2. If you were the city planner of another city that was considering building this type of parking garage what terms would you insist on putting into the contract before you signed it?

3. Do you think software designers should be able to have so much controll on a project or business after their customers buy the use of the designer's software?

4. How would you feel if YOUR car was in that parking garage during the dispute? Who would you blame the city or the software designer?

Business Foundations #2: ENRON

Click on the link below and read the article about Enron's former CFO. Then come back here and record your response to the questions.

Link: http://www.msnbc.msn.com/id/15011592/

Questions:

1. Do you think Fastow deserved mercy during his sentencing? Why or why not?

2. Should he have received more or less time? Tell me why you feel as you do.

3. What do you think should happen to corporate officers who abuse their positions or authority?

don't forget to include your name in your post.