Business Services Industry
Liability costs not vicarious.(Viewpoint)
Crain's New York Business, February, 2003 by David, Greg
Byline: Greg David Most people don't understand the fuss about trial lawyers and lawsuits seeking huge damages. They ask three questions: Shouldn't someone hurt by negligence be compensated? Shouldn't the person or business who caused the injury be the one to pay? Don't such judgments, at least in part, motivate people and companies to act responsibly? The answers are yes.
It's just that the legal world isn't exactly perfect. One illustration is the growing debate over a doctrine called vicarious liability, which is being used to sue companies that provide leases to car buyers. Let's test vicarious liability against the standards of fairness and cost. Vicarious liability cases begin with an auto accident. The driver at fault almost certainly carries...
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