Anderson's Business Law and the Legal Environment - Case Study Example

This particular situation has a level of tie in with regards to the way in which many agreements are completed. Whether or not duress is implied within a given situation, consent to abide by the terms of a legally binding contract necessarily precludes almost any further actions that can be made by such an individual with regards to such a situation. Although this is not necessarily ethical or fair, it does help to underscore the importance of reading and understanding the ramifications of what paperwork is signed and/or agreed to in any given situation.

With regards to the binding nature of Corning Glass Works to Hanan Consultants, the oral contract is of course non-binding. However, it should be noted that it is highly unethical to make an oral contract with a vendor and then fail to uphold it based upon the fact that it is no longer convenient for either party involved. Such actions have made it necessary for participants in any contract to obtain written and legal promissory notes to ensure. However, the ethical fact of the matter is that Jackson himself should be ultimately responsible for upholding his end of the deal and reflect the oral contract that he had engaged with to a paper contract that allows the land to be sold.