Business Finance Homework Help

the questions:

What could you gain by using this information?

What could you lose? Is it ethical to use the information?

the case:

“You are in the market for a new-to-you car. There is one in particular that you are inter-

ested in that is for sale by a friend of a friend. You have driven it and had it checked out

by a friend of the family who is a mechanic. Based on your research you have determined

the car is worth $8,000 and you are prepared to pay that much to get the car. The day

before you planned to close the deal you heard through the grapevine that the seller

has some unexpected legal problems that could land him in jail if he doesn’t come up

with $6,000 to pay the fines very soon. This news has you wondering if you could get

the car for even less than you were willing to pay”