Hans Bozzell is a vice-president of the Western Bank in Markham, Ontario. Active in community affairs, Bozzell

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Hans Bozzell is a vice-president of the Western Bank in Markham, Ontario. Active in community affairs, Bozzell serves on the board of directors of Orson Tool & Dye. Orson is expanding rapidly and is considering relocating its factory. At a recent meeting, board members decided to try to buy 20 hectares of land on the edge of town. The owner of the property is Sherri Fallon, a customer of Western Bank. Fallon is a recent widow. Bozzell knows that Fallon is eager to sell her local property. In view of Fallon's anguished condition, Bozzell believes she would accept almost any offer for the land. Realtors have appraised the property at $4 million.
Required
Apply the ethical judgment framework outlined in the box on page 471 to help Bozzell decide what his role should be in Orson's attempt to buy the land from Fallon.
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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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