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Tort and Regulatory Risk
Propose actions a company may take to avoid tort liability and litigation.
Propose actions a company may take to avoid product liability risk.
Assess methods for managing legal risk arising from domestic and international regulatory matters.
Course Assignments
Readings
Read Ch. 5, 6, 43–46, 50, & 54 of Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues.
Learning Team Instructions: Recognizing and Minimizing Tort and Regulatory Risk Plan
· Resources: Business Regulation simulation
Conduct the Business Regulation simulation, located on your student website.
Identify legal issues in the simulation and note the legal principles that apply to each. Some issues are more obvious than others. Repeat the simulation as often as needed to ensure that you identify all legal issues and principles.
· Collaborate on the legal issues and principles in the simulation.
· Share your findings with teammates, and discuss the identified issues. Ask for clarification on issues your teammates identified that you did not.
· Create a table that displays the relevant issues and principles. Each team must have a table.
Assignment: Recognizing and Minimizing Tort and Regulatory Risk Plan
· Resources: Business Regulation Simulation
· Write a plan using the table your team created in your Learning Team collaboration for Alumina, explaining how regulatory risks may be identified and managed through preventive, detective, and corrective measures.
· Identify common torts and risks found in the simulation and in this week’s readings.
· Describe specific measures to manage each risk.
Write a plan with 1,400-1,500 words.
Format your plan consistent with APA guidelines
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