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Summary Case Study.docx (2) BUS 624 Timmco Case Study BUS 624 Law & Ethics in the Business Environment Introduction Timmco is a publicly traded corporation located in Denton, TX. Since the companys sales have been declining, they have started looking into a$7.49
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Summary Case Study.docx (2) BUS 624 Timmco Case Study BUS 624 Law & Ethics in the Business Environment Introduction Timmco is a publicly traded corporation located in Denton, TX. Since the companys sales have been declining, they have started looking into a
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Case S (2) BUS 624 Timmco Case Study BUS 624 Law & Ethics in the Business Environment Introduction Timmco is a publicly traded corporation located in Denton, TX. Since the companys sales have been declining, they have started looking into alternatives to cut some of their costs and increase p...
case studydocx 2 bus 624 timmco case study bus 624 law amp ethics in the business environment introduction timmco is a publicly traded corporation located in denton
tx since the companys s
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BUS 624
Timmco Case Study
BUS 624 Law & Ethics in the Business Environment
Introduction
Timmco is a publicly traded corporation located in Denton, TX. Since the company’s
sales have been declining, they have started looking into alternatives to cut some of their costs
and increase profits. As of right now, all of their products are made in the United States. In order
to cut down on cost, Timmco is deciding to purchase the valves they need to continue production
from a company that is located overseas. If Timmco decides to proceed with this company, they
will be breaching the contract that they already have in play with Blagg Industries. The contract
is supposed to last for five years and so far Timmco has only completed three of those five years.
Since Timmco is the primary customer for Blagg Industries, Blagg can potentially go out of
business if they lose Timmco’s contract. The valves from the company Sanco are $1000 less than
the valves Blagg has been offering to Timmco. However, Timmco would have to play a role in
the country’s corruption by paying the minister to obtain the necessary documents they need to
operate in Slawrovia. With this situation, Timmco will breach their contract, commit negligent
tort, create situations with product liability, get involved with foreign corruption, and provide
deceptive advertising.
Breach of Contract and Remedies
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