Response Paper Essay Example | Topics and Well Written Essays - 250 words - 10

Response news report - Essay ExampleThe authors argument on debts is valid from a moral eyeshot but not from a legal perspective. Moral values such as beneficence and nonmaleficence rent that actions result in benefits or at least minimize harms to people and offering credits that hatful increase economic marrows on borrowers fails the morality test. Similarly, a utilitarian perspective to ethics requires optimal benefits. The congeneric number of lenders and borrowers, however, identifies concentration of benefits in the hands of a few individuals while majority borrowers bear the burden of refinancing loans and even consequences of defaults. A legal perspective, however, identifies equal responsibilities between lenders and borrowers because of their roles in creating contracts and this is consistent with deontology ethics. Credits are, therefore, legal as long as both parties consent to it and though resistance to credit may be necessary, particularly to protect vulnerable populations, awareness among the population and social bargaining is the most suitable approach because it is belike to induce moral soundness in the credit system that is based on legal frameworks and pay motive (Ross