Running head: BUSINESS TORT LIABILITY
Business Tort Liability
BUSINESS TORT LIABILITY
Tort liabilities are also referred to as economic torts; these are torts that normally arise
from a business transaction. These are crimes that are committed against a property and they
greatly affect the business and can lead to a lot of losses to the business. It is not abnormal for
companies to be faced with tort liabilities, some of these happen due to negligence or
misrepresentation. They, however have to be careful so that this does not result in criminal
liabilities. Business tort liability normally has a negative impact to the company involved, for
instance, the company is faced with a lot of losses and damages.
Impact of Business Tort Liability to the Pharmaceutical Industry
There are so many ways in which torts happen in the pharmaceutical industry and all the
torts normally have consequences some dire that the others.
When a tort is committed
intentionally it may cause confusion to another product. This can happen to pharmaceutical
where one drug can be mistaken for another or it is passed as the other. When consumers use it,
it results to health implications, which can lead to the consumers becoming greatly sick and even
lead to death.
Tort liability in the pharmaceutical industry can result in a lot of losses and damages
goods. If the products are made in such a way that degrades their products, the companies may
have no choice but to do away with the products leading to the company suffering from some
losses. When the pharmaceutical industry is faced with a tort people and mostly the consumers
lose their trust in the industry, this affe...