1) Suppose you are out of money in your checking account; however, your local grocery store will cash a
check for you. So you cash a check for $200. Of course, this check will bounce unless you do something. To prevent this , you go to the store again the next day and cash another check for $200 and deposit it into your account before the first check clears. You repeat this process every day until payday, when you have $800 deposited by your employer. Assuming no checks bounce and ignoring any question of legality, is there anything unethical about this? If you say yes, then why? Who is harmed?
This is an unethical process because of the possibility of a check bouncing before you put the funds in the bank... View the full answer