Midterm Assignment Example | Topics and Well Written Essays - 1250 words

Midterm - Assignment Example Some of the code’s provisions do not sound fair, for example, a code number 2. It states that an employee of Ashland University, who has responsibilities with respect to education loans, or any agent, shall not accept any gift from a lender, guarantor, or servicer of education loans. This is quite unfair owing to the fact that, at times, an employee can be awarded just for services well rendered and refusal to accept it might be taken as rudeness by the giver (Holloway, 2011). A loan can also be given to an employee on the basis of need and not on any favor’s basis; hence, it turns out to be inconsiderate on the side of the employees (Holloway, 2011). Code number 6 forbids the institution from borrowing loans from various parties. This happens to be quite unfair basing on the fact that once in a while the bank may happen to be down financially and the loan might be of great help. There is no crime in asking for the loan as long as the payment is guaranteed. Is any part of the code routinely violated? The rule on accepting gifts from lenders is often violated. Why do you think these violations occur? The human part of a person finds it hard to resist a gift just because of professionalism. At times, one gets into a problem and is in a real need of a loan and the only option is the forbidden party, hence goes ahead and breaks the code. What are the usual consequences of such violations? The consequences of such violations can be tough. The most common is being sacked.