Essay on "Tort Reform"
Essay 3 pages (1021 words) Sources: 5 Style: APA
[EXCERPT] . . . .
Tort reform critics, would contend that the prospect of unpredictably large damage awards would act as an incentive to reduce the company's reckless behavior.However, let us digress a bit. The facts of the Pinto case are clear. Even during the 1970s and 1980s when there were no practical limits on tort awards, Ford still went forward with the decision anyway. While it may seem to be an exercise in counterfactual history, one must confront this reality and ask a deeper question that shakes the tort system on all sides to its foundation. Would the accountants and Ford executives have thought twice had they known that an involuntary manslaughter charge with long prison sentences would be hanging over their heads? Such an approach which is generally not discussed may be one that would prevent such cases from happening in the first place.
Due to the impasse in the issue, let us take a look at an innovative solution that may provide a middle path out of the impasse. Some legal scholars have proposed replacing tort compensation with a social security type of framework that serves all victims without respect to who is the cause or the fault. New Zealand introduced the first ever universal no-fault insurance plan for all victims of accidents, a law which is currently on the books there. Benefits are provided from a government run Accident Compensation Corporation no matter who was the negligent party. Its goal is to achieve equality of compensation, while simultaneously reducing the costs of litigation (Dukes, Mildred & Swartz, 1998, 511).
The system has been dogged with controversy however. In the 1970s, both Australia and the United Kingdom both drew up p
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Conclusion
Considering the current impasse, it might be valuable to study and test implement a system in a state with such a no-fault compensation system as the one above coordinated with legal reform that would make sure that criminal neglect is severely prosecuted. Then hopefully, no other tragedies such as that which happened in the Ford Pinto case will ever happen again.
Works Cited
Dukes, G., Mildred, M., & Swartz, B. (1998). Responsibility for drug-induced inquiry: a reference book for health professionals and manufacturers . Amsterdam, NE: IOS Press.
Examining the work of state courts, 2003. (2011). Retrieved from http://www.ncsconline.org/D_Research/csp/2003_Files/2003_Main_Page.html.
Facts about tort liability and its impact on consumers. (2007). Retrieved from http://www.atra.org/wrap/files.cgi/7963_howtortreform.html.
Koenig, T.H., & Rustad, M.L. (2001). In defense of tort law. New York, NY: New York Univ. Press.
Lunney, M., & Oliphant, K. (2008). Oxford tort law text and materials. (3rd ed. ed.). New York, NY: Oxford Univ. Press. READ MORE
Quoted Instructions for "Tort Reform" Assignment:
to research Tort Reform in the United States (APA style) for business law 1 class five sources related to the topic, with at least two being electronic sources and two paper sources
How to Reference "Tort Reform" Essay in a Bibliography
“Tort Reform.” A1-TermPaper.com, 2011, https://www.a1-termpaper.com/topics/essay/tort-reform-been-lips/2273748. Accessed 1 Jul 2024.
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