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Unformatted text preview: concerned with maximizing profitability What restrictions on business behavior are acceptable according to Friedman? Freeman believes a corporation should balance all interests stakeholders and the community. Chapter 5: Strict liability: one is held liable whether or not they practice precaution vicarious liability: the person who did or caused the harm is not the one who is called upon to answer for it A has B’s power of attorney, he signs something, B gets fked. Feinberg on "hero" caveat emptor: buyer beware the Jesse James example:...
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This note was uploaded on 09/08/2010 for the course BUS 186 at San Jose State University .