Which of the following people would most likely be in favor of tort reform?

A) a parent whose child has elevated lead levels due from a toy made in China
B) a lawyer who just won a multimillion-dollar case on behalf of customers injured by defective curling irons
C) an advocate who is concerned about the ability of injured parties to be fairly compensated for their damages
D) an analyst who feels that the cost of litigation is driving up the cost of insurance
E) a consumer who wants to have easy access to file a lawsuit should he be injured by a faulty product

D
Explanation: D) Tort reform–proposals to limit tort filings and proceedings and cap damage awards–is an ongoing source of debate and discussion. The economic effects of the current tort system are the biggest driver of the debate. Some argue that the cost of litigation and the multibillion-dollar awards raise the cost of insurance and/or product cost to the consumer. Some feel that our society is too litigious and that frivolous lawsuits have escalated out of control. Others argue that tort reform would make it more difficult for the injured to file a lawsuit and/or to be fairly compensated.

Business

You might also like to view...

Dividends are predominantly paid in

A. earnings B. property C. cash D. stock

Business

Which type of distribution is used when the producer wants more than one, but fewer than all, of the intermediaries who are willing to carry its products?

A) exclusive B) selective C) intensive D) administered E) corporate

Business