Risks and Liabilities Assignment

 Risks and Liabilities Assignment

Instructions/Descriptions

GC owners Risks and Liabilities Assignment

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Question Description

The GC owners are meeting with TLG in final consultations before GC opens business operations. The purpose of these final meetings is to identify the: areas of business law presenting the greatest potential risk and liabilities for GC; and areas of business operations vulnerable to potential risks and liabilities for which GC should seek legal counsel. Winnie and Ralph have asked you to provide a report that presents your reflections and recommendations based on your research and analysis during the past seven weeks of TLG’s consultation with the GC owners.

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Part I. Risks and Liabilities

1. Analyze and discuss two (2) areas of business law that present the greatest potential risks and liabilities for the GC business, from among these areas: Negligence related to any business operations Negligence related specifically to premises liability Strict product liability related to the use of EPI products for GC services Strict product liability related specifically to the resale of EPI products Contracts with employees Contracts for the sale of goods with clients Agency law and contracts with any GC agents For EACH of the two (2) areas of the law selected from the above list, you must:

(1). Provide a background explanation of the area of law, e.g., negligence, contracts for the sale of goods, etc. (be detailed and specific so any reader can understand the meaning of the specific area of law)

(2). Analyze and explain the specific potential risks and liabilities presented by the area of law and why and how each area of law creates vulnerability for GC

(3). Provide a specific example of why and how the potential risks and liabilities could arise for each area of law for the GC business.

GC owners Risks and Liabilities Assignment

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