Description
Here are the requirements:
Business Tort Liability
Instructions:
Purpose of Assignment
You may be familiar with personal torts such as negligence; however,
business torts are different as they are being committed not against the
person but rather against its intangible assets. Think about what this
means and how each aspect of your work might result in a business tort
being committed.
Assignment Steps
Resources: Legal Environment of Business: Online Commerce,
Business Ethics, and Global Issues: Ch. 5, Ch. 6 and Ch. 7; Legal
Source database located in the Week 3 Electronic Reserve Readings
Scenario: In the midst of the ongoing rhetoric and movement to achieve
Tort Reform, business tort liability must be acknowledged and planned
for as a reality. As the manager of legal risk and corporate governance
for a major multi-national pharmaceutical corporation, the board of
directors has commissioned you to work alongside your CEO and
General Counsel to prepare a report regarding this liability and the
exposure it creates for the organization.
Create a maximum 1,050-word report, excluding title and reference
pages.
Address the following in the report:
industry in general.
industry and discuss where and why tort reform is needed.
the Alien Tort Statute.
implementation of the risk management process.
Cite a minimum of two references for the five content areas taken from
a business or legal resource. One reference must be from the
University Library.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment as a
Microsoft® Word document.
SupportingMaterial:Business Tort Liability Grading GuideLegal
Environment of Business, Ch. 5: Constitutional Law for Business and ECommerceLegal
Environment of Business, Ch. 6: Torts and Strict
LiabilityLegal Environment of Business, Ch. 7: Criminal Law and
Explanation & Answer
There you go!!! Looking forward to work with you again
BUSINESS TORTS
1
Business Torts
Student’s Name
University Affiliations
BUSINESS TORTS
2
Business Tort Liability
Torts refer to the wrong act which causes mistrust among individuals in a business or
causes an injury to that person. Liability refers to that something is responsible for example when
one starts a business his or her property may be at risk for compensation of any damage in the
business. Business tort liability according to Cheeseman (2013) therefore refers to the violations
which take place in the business operation and they affect the performance of the business; its
growth whereby it has to compensate for the damage. The business torts liability takes place in
various ways; product liability and business activity (Cheeseman, 2013). The product liability it's
where the manufacturers of a certain product have to incur for any damage caused by the
product. They are examples activities carried out which are recognized as torts due to either state
law or federal law.
The impact of business tort liability on the pharmaceutical industry includes; the
increased risk of liability may hinder manufacturers mostly the small scale ones from pursuing
innovation. The individuals who are likely to benefit are the industry players who are capable of
innovating thus they are able to acquire the benefits at the expense of violating the smal...