LAW/531PR - Business Law
Recognizing and Minimizing Tort and Regulatory Risk
Based on the business simulation for Alumina Inc., which identifies the risks or damage that may occur in a company and its social responsibility. The Business Regulation Simulation Findings Table will be used as a tool that identifies the contents of the situations, the issues and the principles of these. Thus developing a plan for a company that explains how to identify regulatory risks, and clearly identify the actions of social responsibility and litigation that can be identified and managed through prevention, detection to implement corrective measures.
Jennings (2009) stated that:
Managers must know codified law as well as the law that develops as cases are litigated and new issues of liability arise. The regulatory environment of business includes penalties for criminal conduct and punitive damages for knowing injuries to customers. (p. 141)
Tort and Intentional Tort
A tort is some type of interference with someone or with someone’s property that results in injury to persons or property. A tort is a private offense. When he commits an act, the part that was injured is entitled to collect compensation for damages by the infringer for the private wrong. A crime, by contrast, is a public wrong and requires the malefactor to pay a debt to society through imprisonment, probation, and/or a fine.
Jennings (2009) there is three types of tort liability, which include intentional torts, negligence, and strict tort liability. Intentional torts are those that involve deliberate actions. The intentional torts are those that involve deliberate action. Meanwhile the act of negligence is applied in a variety of circumstances, but is always used when a party's conduct was not at the level of a minimum standard of care within which everyone is expected to use in the administration of our work, and in the care of our property. Similarly... [continues]
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