Ethic in Finance and Business Economics Case 1 Case 1 Facts of the case: John Smith is the controller of a corporation whose stock is not listed on stock exchange.  The company has just received a patent on a product that is expected to yield substantial profits in a year or two.  However, the company is experiencing financial difficulties at this time; and because not enough working capital the company is on the edge of defaulting on a note held by its bank. At the end of the most recent fiscal year, the company’s president instructed Jo... More