Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume you have taken on a management position at Sellers Eskew Perry Convenience, Inc. (SEP), which is incorporated in Delaware, headquartered in Boston, and own/operates

Assume you have taken on a management position at Sellers Eskew Perry Convenience, Inc. ("SEP"), which is incorporated in Delaware, headquartered in Boston, and own/operates convenience stores (with gas stations and a robust retail inventory) throughout New England. SEP has about 2000 employees, ranging from minimum-wage cashiers to C-Suite executive employees. The stores sell alcoholic beverages, tobacco and e-cigarettes, and typical convenience store snack items. It uses a different supplier for each of those categories of products. If SEP is to make sound business decisions, you and your management colleagues must be aware of a broad array of legal considerations. Sometimes, legal principles may constrain SEP's business decisions; at other times, the law may prove a valuable ally of SEP in the successful operation of the firm's business.

Of course, you and other members of the SEP management group will rely on the advice of in-house counsel or outside attorneys who are in private practice. The approach of simply "leaving the law to the lawyers," however, is likely to be counterproductive. It will often be up to nonlawyers such as you to identify a potential legal issue or pitfall about which SEP needs professional guidance. If you fail to spot the issue in a timely manner and legal problems are allowed to develop and fester, even the most skilled attorneys may have difficulty rescuing you and the firm from the resulting predicament.

If, on the other hand, your failure to identify a legal consideration means that you do not seek advice in time to obtain an advantage that applicable law would have provided SEP, the corporation may lose out on a beneficial opportunity. Either way - that is, whether the relevant legal issue operates as a constraint or offers a potential advantage - you and the firm cannot afford to be unfamiliar with the legal environment in which SEP operates.

Additionally, simply following the law to avoid regulatory penalties or litigation risks may not necessarily result in an organizational culture consistent with the stated values of SEP to "Always do business the right way, taking care to promote an ethical culture where each individual can flourish and feel good about making a difference for customers and the community." Please answer the following question below. Your responses should be about 200-300 for each question.

  • Whatsources of lawshould you and the management team be familiar with and why? What potential is there for conflicts among those various laws and how will that conflict be resolved?

  • Broadly, what legal issues in the areas of employment law, torts, and contracts should SEP management be aware of?

  • Are there any ways in which SEP can proactively and positively influence the law to protect or advance SEP's business interests and how should management proceed if the law will permit action that might not be consistent with creation of organizational integrity?

  • Are there any tactics or safeguards that SEP might preemptively pursue to limit legal exposure when dealing with customers, employees, and other businesses? If sued, explain what sort of consequences that could impose on your company and what strategies might be pursued.

  • Given your company's desire to act ethically, what advice do you have for your employees about what helps make an ethical culture, and what sort of pitfalls they should know about and try to avoid.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Auditing and Other Assurance Services

Authors: Ray Whittington, Kurt Pany

19th edition

978-0077804770, 78025613, 77804775, 978-0078025617

Students also viewed these Law questions