Most effective method of handling

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Prof. john walked into your small business and stubbed his toe because a nail was protruding from the floor. Prof john toe is not just any toe, it"s a special toe. In court, pain and suffering alone is $150,000. Compensatory (Compensation) damages are worth another $150,000. And Prof. john is convinced that the nail was protruding from the floor on purpose, and is demanding compensation for pain and suffering which are worth another $150,000. Prof. Cooks demands his $450,000, forthwith.

Discuss the pros and cons of the most effective method of handling this type of legal situation. Discuss the pros and cons of what small businesses can do to avoid this and other legal quagmires of a similar nature. Assume the business gross revenue is $100,000 per annum.

Reference no: EM133035396

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