Tort and Regulatory Risks This paper will address preventative‚ detective‚ and corrective measures for a company to manage regulatory risks. We will also review common business torts that occur in many businesses today. According to Jennings: Tort comes from the Latin term tortus‚ which means “crooked‚ dubious‚ twisted.” Torts are civil wrongs‚ actions that are not straight but twisted. This paper will also describe specific measures to manage torts and other regulatory risks that are identified
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Tort Scenario Paper Crystal Cunningham‚ Robert Harrison‚ Billie Miller‚ Tyler Pierce‚ and Jennifer Sorensen University of Phoenix Business Law BUS415 Page Beetem May 30‚ 2011 Scenario One What tort actions do see and the identity of potential plaintiffs? Intentional battery - (Plaintiff‚ Malik v. Ruben) Malik can file a claim against Ruben for pushing him. Ruben would be liable for any physical harm sustained due to the physical contact. Unintentional negligence- (Plaintiff‚ Malik
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from a sudden event like: dumping‚ war‚ natural disaster‚ etc. However‚ in most of the cases‚ the exchange rate risk is considered as one of many business risks that companies have to anticipate and face. In this case‚ the event that the value of Swiss franc rose against the U.S. dollar‚ which reduced the profit of the importer‚ was just a popular business risk. Moreover‚ the effect of this currency fluctuation just reduced a half of the importer’s
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The Case of Avco Environmental Services Participant: Mohanrasu G Batch : PGXPM 10 Questions: What should Chantale do? What are the reasonable limits on loyalty to one’s employer? Would it make difference if Chantale had a position of greater authority? Would it make a difference if Chantale had scientific expertise? Chantale Leroux had reported to her immediate supervisor as soon as she got to know that the medical wastes are getting disposed of in municipal landfill. Immediate
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1. Definition of Law As defined by Steven J. Skinner and John M. Lvanncevich‚ A law is a standard or rule established by a society to govern the behavior of its members. Federal‚ state‚ and local governments‚ constitutions‚ and treaties all establish laws. Laws have a direct and substantial impact on how business firms conduct various activities. Law‚ as it is‚ is the command of the Sovereign. It means‚ law has its source in sovereign authority; which is accompanied by sanctions‚ and the
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TORTS Table of Contents Breach of Duty 3 General Principles for Establish a Breach of Duty 3 The Calculus of Negligence 4 Who is the Reasonable Person? 9 Causation 13 Factual Causation under the Common Law 13 Factual Causation under Statute 16 Novus Actus Interveniens 18 Successive Causes 20 Exceptional Cases 21 Remoteness 24 Foreseeability of Damage 24 Kind of Injury and Manner of its Occurrence 25 Eggshell Skull Rule 26 Concurrent Liability 28 Vicarious Liability 28 Non-delegable
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LIABILITY OF DIRECTORS A director plays a vital role in a corporate organization. They manage the business‚ design business policies and select the officers. Liability of the directors is a crucial aspect where a director is expected to be honest‚ vigilant and protect the shareholders trust in him. Shareholders own the corporation and elect the board of directors whose approval is required for major corporate actions. Liability comes into picture when directors or officers tend to cause financial
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“Contract law and Tort law are like cheese and biscuits‚ different but complementary” (Holyoak 1983). A contract is an agreement between two parties that is legally enforceable. Contract law outlines the duties and responsibilities to one another‚ what a person can and cannot include in a contract and the remedies for breach of their contractual duties. Elements of a contract are offer‚ acceptance‚ intention to create legal relation‚ consideration‚ capacity of the party to contract and legality
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To discuss whether or not there are valid contracts made between Charles v. Alex and Betty v. Alex‚ the formation of the contract have to be discussed. To form a legally binding contract‚ the elements of offer and acceptance; present of consideration; intention to create legal relation; capacity; legality of object; compliance with formalities; and genuine consent must be present all together. In the case of Charles v. Alex‚ to determine whether or not Alex was entitled to sell the apartment
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Assignment 1 You work for Tract and Co‚ Licensed Conveyancers of High Street‚ Northtown‚ Cornwall. You have an appointment with a new client‚ Miss Helen Troy. At your meeting‚ she tells you that she would like to purchase Lilac Cottage on the edge of the picturesque village of Trepolpen. The price will be £125‚000. 1. Briefly outline the matters which you will discuss with your client at this contact. (15 marks) If not already known‚ I would request Miss Troy’s full name and address
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