In the sale or lease of goods, the uniform commercial code UCC and the common law as developed over the years and as applied by our judicial system, provide the legal standards under which purchases and buyers conduct business. The law in effect offers a framework for the operation of business: a minimum as to how parties are to act regarding the undertaking of responsibilities and the protection of parties‘ rights. Ethical standards in contracts set out to establish a higher benchmark i.e. a reflection of society‘s intention to raise the bar for expected performance In your paper, provide your perspective on the following : What do the values of honesty and integrity equate to you as applied in the business environment ? Do honesty and integrity truly exist ? support your well reasoned response with relevant and material examples from your experience and or reading and research Whether or not you believe the value exist -what initiatives or processes can businesses undertake to develop and support ethical standards ?

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