LAW 122 Chapter Notes - Chapter 1: Liability Insurance, Independent Contractor, Property Insurance
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More surprisingly, if you unreasonably refuse to write a letter, or if you write an unreasonably brief letter, you may be held liable for reducing the ex-employee"s job prospects. Even if they are not, you may be justified in sharing your suspicions with the other company: response: finally, having identified and evaluated the risks, you need to formulate a response. An automobile that regularly explodes upon impact should be removed from the market. Apart from issues of morality, the financial costs of being held liable will probably outweigh any sales profits: risk reduction: some risks can be reduced to an acceptable level through precautions. For example, a bank that lends ,000 to a manufacturer realizes that the loan may not be repaid if the economy goes into recession. The bank can, however, protect itself by requiring the business to grant a mortgage over its factory.