Legal Environment of Business:

Imagine you are the promoter for a Michael Jackson concert atthe time of his death. The Final Tour is announced, ticketsgo on sale, the shows immediately sell out, and then MichaelJackson dies quite suddenly two weeks before the tour is tobegin.

Discuss the legal and ethical considerations for what to doabout refunding the tickets. That is, even if the agreementthat ticketholders (generally unknowingly) entered into said theirmoney would not be refunded in such an event, discuss the ethics ofthe situation. Who are the people who have a stake in thisvery sad situation and might be harmed or helped by thisdecision? Think of as many as you can. What are theissues involved? What do you as the promoter stand to losewith each scenario? What do you stand to gain? Where dolaw and ethics interface here in such and unprecedented occurrence(not just the death of a performer, but one of Michael Jacksons’unparalleled stature)? How would you determine the bestethical position to take about refunding the money?