Study Notes- Tort and Marketplace Safety

The rules prevented many plaintiffs from recovering

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Unformatted text preview: likewise if the drawer at a tavern sells a man bad wine, whereby his health is injured, he may bring action against the master. Common- law doctrines were designed to preserve a certain economic balance in the community. The rules prevented many plaintiffs from recovering, but not all; a few plaintiffs recovered large amounts. There were costs of settlements, costs of liability insurance, costs of administration, legal fees and the salaries of staff lawyers. These costs rose steadily at the very time when American business was striving to rationalize and bureaucratize its operations. It was desirable to be able to predict costs and insure against fluctuating, unpredictable risks. Business, therefore, had an interest in pressing for a specific kind of program, and turned its attention to the details of a new system. For example, it was imperative that the new system be in fact as actuarially predictable as business costs...
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This document was uploaded on 03/06/2014 for the course POLISCI 122 at Stanford.

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