Term
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Definition
| the process of identifying, evaluating, and responding to the possibility of harmful events |
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Term
| What are the actions against law of tort? How to manage it? |
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Definition
1. identification-> liability (being held legally responsible)
2. evaluation -> the decision
3. response-> formulate an informed decision |
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Term
| If you write something bad about someone on a reference letter, how are you protected |
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Definition
| you are protected by the defense of qualified privilege, meaning that an inaccurate or harmful statement will not trigger liability if writer acted in good faith |
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Term
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Definition
1. risk avoidance
2. risk reduction
3. risk shifting
4. risk accepting
5. insurance
6. exclusion and limitation clauses
7. incorporation |
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