LAW/531 week 3 Individual_Business Tort Liability_A+ guaranteed

LAW/531 week 3 Individual_Business Tort Liability

University of Phoenix

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.