Business Tort Liabilty

Business Tort Liability

Instructions:

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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

     
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