Business Tort Liabilty

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Question Description

Business Tort Liability


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


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

    School: Carnegie Mellon University

    There you go!!! Looking forward to work with you again



    Business Torts
    Student’s Name
    University Affiliations


    Business Tort Liability

    The act that brings about mistrust and injury in working environments is referred to as
    torts. Being responsible for what one has done is known as a liability a good example is when
    one starts a business their assets may be at risk and options for compensation may be considered
    if any damage is done to the company’s property. According to Cheeseman (2013), business tort
    liability, therefore, refers to the damages which occur in a business environment and those which
    may affect the performance of the business; its growth whereby it has to pay costs for the
    incurred damages. The business torts liability can occur in various ways; product liability and
    business activity (Cheeseman, 2013). Product liability happens in situations whereby the
    manufacturers of a certain product have to cater for any damage caused by the product they
    manufactured. There exists in the business world examples of situations that can be categorized
    under product liability due to either the state of law or federal law.
    Business tort liability has its impacts on the pharmaceutical industry. The said impacts
    may include, an increased risk of liability which in the long may deter manufacturers mostly the
    small scale ones from pursuing innovation and creativity. Those who are likely to benefit are in
    most cases the industry players who are generally in charge...

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