Identifying Torts & Regulatory Risks
- Submitted by: shockeysgirl
- Views: 1456
- Category: Other
- Date Submitted: 03/19/2010 08:35 PM
- Pages: 5
- Report this Essay
Running head: IDENTIFYING TORTS AND REGULATORY RISKS
Identifying Torts and Regulatory Risks
University of Phoenix
Identifying Torts and Regulatory Risks
This paper will explain a plan I created that can be used by companies like Alumina Inc. on how to identify common torts and regulatory risks. This plan will explain how to identify tort liabilities and how to manage those liabilities are through preventive, detective, and corrective measures. A tort refers to a civil or offense by which the law can provide monetary compensation to the injured party as a remedy (Business Dictionary, 2010). This paper will break down some common torts and regulatory risks found in the Alumina simulation and outline how to manage each individual risk. Any company including Alumina can reduce torts and regulatory risks by taking the proper measures. The torts and reliability risks involved in this scenario raise several legal issues. This paper will cover invasion of privacy, disclosure of information, confidentiality of business information, defamation of character, mediation, and EPA compliance.
Identified Tort Liabilities
Like any company, Alumina needs to take precautions to prevent these risks and torts by staying in compliance with all federal and state regulations. This will not only keep them alive in the competitive market but also reduce the company’s liabilities and maintain the image the company wants to present to the public.
Negligence Tort
A negligence tort is a failure of one party to exercise the standard of care required by law that results in damage to that party to whom the duty was owed (Jennings, 2006). For Alumina, legal issues started with the direct pollutant of the water. This is a negligence tort because they did not pollute the water intentionally but did not take all the proper measures to ensure that it did not happen. The company could manage this risk could have been...
Identifying Torts and Regulatory Risks
University of Phoenix
Identifying Torts and Regulatory Risks
This paper will explain a plan I created that can be used by companies like Alumina Inc. on how to identify common torts and regulatory risks. This plan will explain how to identify tort liabilities and how to manage those liabilities are through preventive, detective, and corrective measures. A tort refers to a civil or offense by which the law can provide monetary compensation to the injured party as a remedy (Business Dictionary, 2010). This paper will break down some common torts and regulatory risks found in the Alumina simulation and outline how to manage each individual risk. Any company including Alumina can reduce torts and regulatory risks by taking the proper measures. The torts and reliability risks involved in this scenario raise several legal issues. This paper will cover invasion of privacy, disclosure of information, confidentiality of business information, defamation of character, mediation, and EPA compliance.
Identified Tort Liabilities
Like any company, Alumina needs to take precautions to prevent these risks and torts by staying in compliance with all federal and state regulations. This will not only keep them alive in the competitive market but also reduce the company’s liabilities and maintain the image the company wants to present to the public.
Negligence Tort
A negligence tort is a failure of one party to exercise the standard of care required by law that results in damage to that party to whom the duty was owed (Jennings, 2006). For Alumina, legal issues started with the direct pollutant of the water. This is a negligence tort because they did not pollute the water intentionally but did not take all the proper measures to ensure that it did not happen. The company could manage this risk could have been...