Business Tort Liability, law assignment help

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timer Asked: Apr 1st, 2017
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Question 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:

  • Evaluate the impact of business tort liability on the pharmaceutical
  • industry in general.

  • Determine the growth of business tort liability in the pharmaceutical
  • industry and discuss where and why tort reform is needed.

  • Assess the impact of business tort liability on corporate liability under
  • the Alien Tort Statute.

  • Explain how business tort liability can be reduced through the
  • implementation of the risk management process.

  • Analyze how business tort liability can escalate to criminal liability.
  • 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

    Tutor Answer

    QUARDIAN
    School: Rice University

    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...

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    Anonymous
    Thanks, good work

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