Alumina and BP Introduction Running a business does not come without the existence of liability risk and legal issues. The question posed is what are the liability risks that could lead to legal issues and how will such issues be handled. When legal issues are present in the business sector due to liability issues, more likely than not, others are affected both directly and indirectly by the situation. How the situations are resolved depends upon those involved and the complaint. BP and Alumina
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these instances and create a business that has limited liability concerns it is important that management creates and maintains an effective risk management model for the business. Using the simulation provided, our team has identified legal issues and tort violations presented in this scenario, defined a process for managing risk factors, and identified relevant factors in determining what steps to take after a violation occurred. Legal Issues and Principles In the scenario presented Alumina
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Case 0:05-cv-00668-RHK-JSM Document 61 Filed 02/07/2006 Page 1 of 14 UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA Stacy Lawton Guin, Plaintiff, v. Brazos Higher Education Service Corporation, Inc., Defendant. Civ. No. 05-668 (RHK/JSM) MEMORANDUM OPINION AND ORDER John H. Goolsby and Thomas J. Lyons Jr., Consumer Justice Center, Little Canada, Minnesota; Thomas J. Lyons, Lyons Law Firm, P.A., Little Canada, Minnesota, for Plaintiff. Courtney M. Rogers Reid and Matthew E. Johnson
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relation to an action for personal injuries or property damage where the concepts are easiest to understand. More difficult duty problems, such as liability for statements or for pure economic loss, will be dealt with later. Duty is but one element in the tort of negligence, for it must be shown that not only was the defendant under a duty towards the claimant to be careful, but also that he failed to achieve the required standard of care and that that failure caused the damage, and finally that the damage
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Recognizing and Minimizing Tort and Regulatory Risk Plan Environmental Regulation is perhaps the most stringent area of government’s regulation in business. The government imposes great technology investment demands on the industry for regulatory compliance. One single act of irresponsibility can cost businesses greatly or be forced to close (Business Regulation Simulation, 2009). It is important to identify, manage, and correct torts and regulatory risks for Alumina, Inc. so legal issues
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Minimizing Tort and Regulatory Risk A tort is an act by a business that results in injury to a person, property, or good name. In most cases the person injured is entitled to compensation (Jennings, 2006). It is in the businesses best interest to be educated on local, state, and federal laws and regulations to reduce regulation and tort liability. A business must protect its assets, earnings, and good name. A company must have a plan in place to reduce and eliminate fines, penalties, and tort liability
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month trial period to determine if the system with NonLinear Pro is what it is looking for. NonLinear Pro has determined that the contract lease that one of the employees signed upon receipt of the materials is attempting to hold Quick Takes Video to. Tort Risks and Violations Since the initial contract was verbal, Quick Takes Video believed the agreement reached was in force when the materials arrived. When the materials were found to not be at the standard promised, the materials were promptly returned
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You are a clerk for the judge assigned to this case. The judge asks you to prepare an essay, explaining to her why, under Illinois law, she should grant or dismiss the motion for summary judgment. Please help the judge. CASE SCENERIO: The plaintiff Alan was trying to catch a plane at Chicago's O'Hare Airport. He knew that he was late for his plane and so, he was running through the airport as fast as possible. Unfortunately, Alan does not see the banana peel that was lying on the floor in the
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approach to business Relationship with customer Pricing Role of judgment Operating structure While there are important structural differences between the two models, perhaps the single most significant difference is the attempt to replace tort law liability with a contractual form of liability. In many respects, this is essentially a return to the role of auditing at the turn of the century. Time is not reversible however, and the price that must be paid for this return to a contractual
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Making Hospitals Accountable: Hospital-Level Liability Could Revive The Dormant Deterrent Power Of Tort Liability. The major purpose of this article is to make physicians feel relaxed in their place of work without the fear of tort liability, and by making hospitals accountable for malpractices in the hospital. Also, since hospitals today have different departments, there should be a committee of medical experts that would identify areas where malpractices often occur, curtail and try to improve
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