In the society we live in, it has age increasingly popular and to a greater extent prevalent to sue. Whether we see it in the media, communion about it amongst ourselves, or are actu bothy the ones doing the suing, (or being sued) we deal with fair playfulnesssuits eery(prenominal) day. Now, weve each heard the drool about the grandm otherwise who spilled hot c saturnineee on herself and successfully sued McDonalds for nearly $2.9 million, or the art object who sued Winnebago and win $1.75 million after crashing his motor home off the freeway. tho few of us ever question what these and all the other outrageous rewards for forgetful lawsuits do to the sparing. occupy we ever wondered if they start out a negative effect? cod we asked ourselves how they impact us, as consumers? Have we asked how they impact Ameri stooge worry? The answer to all those questions is this: featherbrained lawsuits destroy the American economy. Frivolous lawsuits can damage the economy in many ways. They can mightiness companies out of business, make up the greet of financing and insurance, and damage millions of dollars every year in deep in thought(p) time, court awards, and jural fees. Also, litigation can assume the cost of products for consumers, up to 2.5% on an average (Abraham NP). David Bernstein, a law professor at George mason University estimates that ...
consumer prices could be reduced by 20% if actions are interpreted to reform the lawsuit fall (Javers 25). In addition, the time that is taken to prosecute, defend, settle, and try lawsuits, along with the cost of paying damages, can posture a huge halt on the economy, with an estimated $132 billion lost in 1991 alone (Abraham NP). On top of all that, the brat of lawsuits often causes financial markets to overreact, and credit-rating agencies perform likely to downgrade firms face up the threat... If you want to get a full essay, order it on our website:
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