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Litigation, Bill of Rights, Insurance and Liability

1) The ability to learn law and learn from the mistakes of others is somewhat lost when public litigation is placed by alternative dispute resolution. Choose one of the following and defend why it is a good option for business: arbitration, negotiation, mediation, minitrial, or summary jury trial. Explain why sacrificing public litigation might be good for business.

2) What amendments to the Bill of Rights have had the most impact on business? What would business life be like without them?

3) Assume the role of a small business owner. You have little funds to put into insurance and protection for your company. You have to decide where your extra funds will be stretched. Is it more important to protect your business from criminal activity, suck as break-ins and robbery, or liability issues, such as slipping and falling? Provide examples to support your answers.

4) Would it be easier to defend a case regarding real property or intellectual property? Explain your reasoning, please.

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Please see response attached for active links. I hope this helps and take care.

FROM ATTACHED RESPONSE:

Hi,

Let's take a closer look through discussion, example, and links for further research.

1) The ability to learn law and learn from the mistakes of others is somewhat lost when public litigation is placed by alternative dispute resolution. Choose one of the following and defend why it is a good option for business: arbitration, negotiation, mediation, minitrial, or summary jury trial. Explain why sacrificing public litigation might be good for business.

Mediation is a fair and efficient process to help you resolve your employment disputes and reach an agreement. A neutral mediator assists you in reaching a voluntary, negotiated agreement. Choosing mediation to resolve employment discrimination disputes promotes a better work environment, reduces costs and works for the employer and the employee.
For more detail visit http://www.eeoc.gov/mediate/index.html

2) What amendments to the Bill of Rights have had the most impact on business? What would business life be like without them?

I located an excellent resource on the Bill of Rights and the 27 amendments. Click on the following Amendments and decide what amendments have the greatest impact on business and what business would be like without them.

Original text: Preamble | Article 1 | Article 2 | Article 3 | Article 4 | Article 5 | Article 6 | Article 7
Amendments: ...

Solution Summary

This solution discusses one method e.g. arbitration, negotiation, mediation, minitrial, or summary jury trial, and explains why sacrificing public litigation might be good for business. The implications of the Bill of Rights on business is then discussed, and then compares the importance of insurance for criminal activity and liability insurance to business owners. In terms of difficulty, defending a case regarding real property or intellectual property is explained.

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