Cleah Waye Mamburam

07/08/08
ACTBAS2 K31 Ms. Joy
Rabo

ETHICS CASE ON: “Lost and Found”

The stakeholders in the said situation are Bob and Patrick, being the persons

that in risk in the given task. In this case, the first ethical issue is whether Bob is

right for buying a returned book and not a new one without Patrick’s consent;

second is Bob keeping the savings of P150 for himself and giving Patrick a change

of P200; and third, lying to Patrick that he had lost the receipt. In Obligations and

Contracts, I’ve learned that it is wrong for Bob to buy a returned book for Patrick

who is in deed expecting to receive a new one. Bob must first inform Patrick that he

would buy another book, a returned book that is before buying. Furthermore,

keeping the receipt to himself and lying to Patrick, his “friend” is off beam. In basic

accounting, we are thought to always to keep the receipt to serve as a proof or

evidence. Also, we are not tolerated to make stories on our favour. As accounting

students, we are thought to be honest and transparent in our work. Thus, if I were

Bob, I would inform my friend first about the special price given to the returned

books being offered in the bookstore. I’ll ask him whether to buy him the returned

book or if he wants the new one. Also, I’ll give him the receipt as a proof and the

exact change.