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While the sale and lease of consumable as well as durable goods is the driving...

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Finance

While the sale and lease of consumable as well as durable goods is the driving force of our economy , they also may be regarded as the very basis for how business entities in fact do business. As such significant consideration has been given over the years to the prevention and response to the legal liability that flows from such transactions.

A number of actions and initiatives have been undertaken to control the potential and often the reality of these costs to a business. Thus, you are to consider what mechanisms, both governmental as well as those undertaken by both the private sector generally and individual business entities. Upon identifying such mechanisms, which do you regard as most effective to control such liability?

Your well developed and articulate analysis and response is needed.

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