ERM And Product Liability Tort: Case Study
ERM and Product Liability Tort
LAW 531/Business Law
ERM and Product Liability Tort
The product liability video scenario presents a dispute between Quick Takes Video and Non-Linear Pro. Non-Linear Pro leased a video editing system to Quick Takes Video. It is the opinion of Quick Takes Video that the editing system is not performing as promised. Since it appears that Non-Linear Pro has misrepresented the quality of the product, Quick Takes Video can bring a lawsuit to Non-Linear Pro for breach of warranty and attempt to recover damages.
Lease Agreement and Provision of Uniform Commercial Codes
Non-Linear Pro as lessor made statements of fact about its product performance, its operations or features, and provided express warranty …show more content…
The management of Quick Takes Video is to streamline and give the enterprise consistency of its framework with editing and production of videos processes. The risks and opportunities for its video company and staff is to apply in the setting the best strategy in all departments of the enterprise. Its goal is to give assurance of the quality, methods, and objectives for achieving the enterprise of Quick Takes Video to meet the entity’s potential and identifiable …show more content…
This framework assists in the product liability scenario of Quick Takes Video and Non-Linear Pro with essence to applying the process of ERM and violation of the warranty. The elements were met with the enterprises objectives by the staff of Quick Takes Video. The lessee’s company pursued the ERMs elements in proposing new methods for the lessor’s product and warranty for its video editing system. The management of Quick Takes Video and applying ERM elements for the company with production of video editing and production is to maintain the objectives of the enterprise. The lessor, Non-Linear Pro had given its product, the warranty, and statement of reliable performance and streamline process of the leased video system. However, the company of Quick Takes Video was unable to utilize and apply the product after extensive and unproductive time and resources. The lessor in this case scenario is liable for tort and pursuant to claims of unreliable and unwarranted product leasing.
References
Cheeseman, Henry R., (2010) Business Law. Legal Environment, Online Commerce, Business Ethics, and International Issues, Seventh Edition, published in 2010 by Pearson Education. Retrieved from University of Phoenix website
LAW 531/Business Law
ERM and Product Liability Tort
The product liability video scenario presents a dispute between Quick Takes Video and Non-Linear Pro. Non-Linear Pro leased a video editing system to Quick Takes Video. It is the opinion of Quick Takes Video that the editing system is not performing as promised. Since it appears that Non-Linear Pro has misrepresented the quality of the product, Quick Takes Video can bring a lawsuit to Non-Linear Pro for breach of warranty and attempt to recover damages.
Lease Agreement and Provision of Uniform Commercial Codes
Non-Linear Pro as lessor made statements of fact about its product performance, its operations or features, and provided express warranty …show more content…
The management of Quick Takes Video is to streamline and give the enterprise consistency of its framework with editing and production of videos processes. The risks and opportunities for its video company and staff is to apply in the setting the best strategy in all departments of the enterprise. Its goal is to give assurance of the quality, methods, and objectives for achieving the enterprise of Quick Takes Video to meet the entity’s potential and identifiable …show more content…
This framework assists in the product liability scenario of Quick Takes Video and Non-Linear Pro with essence to applying the process of ERM and violation of the warranty. The elements were met with the enterprises objectives by the staff of Quick Takes Video. The lessee’s company pursued the ERMs elements in proposing new methods for the lessor’s product and warranty for its video editing system. The management of Quick Takes Video and applying ERM elements for the company with production of video editing and production is to maintain the objectives of the enterprise. The lessor, Non-Linear Pro had given its product, the warranty, and statement of reliable performance and streamline process of the leased video system. However, the company of Quick Takes Video was unable to utilize and apply the product after extensive and unproductive time and resources. The lessor in this case scenario is liable for tort and pursuant to claims of unreliable and unwarranted product leasing.
References
Cheeseman, Henry R., (2010) Business Law. Legal Environment, Online Commerce, Business Ethics, and International Issues, Seventh Edition, published in 2010 by Pearson Education. Retrieved from University of Phoenix website