Ethics is “the critical structured examination of how individuals and institutions should behave when their actions affect others” (Law 122 Ethical Reasoning Module, 2013). Sometimes laws and Ethics may coincide and other times may go in opposite directions. In the situation of CDU Inc., they are liable for breach of contract, by the Pharmaceutical Association of Canada because in the contract CDU is obliged in explicit terms “that the drug fees must include a modest to reasonable profit margin and not to gouge the price” (Law 122 Ethical Reasoning Module, 2013).
The decision made by CDU is upheld by ethical reasoning of consequences as well the law through contract law. Courts have established a contractual term is, by its very nature, a promissory statement. …show more content…
acted unethically when they increased the price exponentially, which is a clear contradiction to the ethical reasoning of Consequences. Consequence-based ethical reasoning includes defining whether an action is right or wrong according to its consequences. If a certain action will promote a good consequence, then it’s the right thing to do. On the other hand, a bad consequence should be avoided because it’s the wrong thing to do (Law 122 Ethical Reasoning Module, 2013). These are the principles and values that guide consequences Ethical Reasoning. CDU Inc. does not appeal to the principal of generosity because they lack the good spirit of being considerate for their patients, who would need not to pay higher than necessary for a life-saving product.
Good and bad consequences in this situation would not be distributed fairly since CDU Inc. (Steve Brenda) only has the good consequence of increased profits while the bad outcome is passed to patients, who are paying a higher cost for the drug. Higher cost would mean sick patients would need to spend more money for the same drug, which is a negative consequence. The intent of CDU to do good is irrelevant because it does not lead to a good
The decision made by CDU is upheld by ethical reasoning of consequences as well the law through contract law. Courts have established a contractual term is, by its very nature, a promissory statement. …show more content…
acted unethically when they increased the price exponentially, which is a clear contradiction to the ethical reasoning of Consequences. Consequence-based ethical reasoning includes defining whether an action is right or wrong according to its consequences. If a certain action will promote a good consequence, then it’s the right thing to do. On the other hand, a bad consequence should be avoided because it’s the wrong thing to do (Law 122 Ethical Reasoning Module, 2013). These are the principles and values that guide consequences Ethical Reasoning. CDU Inc. does not appeal to the principal of generosity because they lack the good spirit of being considerate for their patients, who would need not to pay higher than necessary for a life-saving product.
Good and bad consequences in this situation would not be distributed fairly since CDU Inc. (Steve Brenda) only has the good consequence of increased profits while the bad outcome is passed to patients, who are paying a higher cost for the drug. Higher cost would mean sick patients would need to spend more money for the same drug, which is a negative consequence. The intent of CDU to do good is irrelevant because it does not lead to a good