Wk 3 Individual Assignment Business Tort Liability

Business Tort LiabilityNameCourseTutor’s NameDateIntroductionIn law, a tort is a civil wrong that infringes on the right of another leading to civil liability for the loss or harm occasioned. A business tort is a civil wrong committed by or against a business resulting in financial loss. Business torts involve ‘injury’ to another’s business interest. Typically,business tort injury involves loss of clients, product liability, loss of business relations and loss of business opportunities. From the preceding, it is apparent that business torts involve losses that occur in the future rather than past. Common business torts include wrongful interference with the legitimate business of another, unfair competition through brand or patentviolation and disparagement. Business competitors can disparagement another business bymaking false statements about thefeatures of theirmerchandise.To prove tort liability, a plaintiff must demonstrate four basic elements. These are sense of duty, breach of that duty, proximate cause and actual harm (Dobbs, 2001). Business tort in the pharmaceutical industry is unique; the industry owes a duty of care to patients who consume their products. Pharmaceutical products are inherently unsafe.Overview of Law of Tort in the