BU231 Final: Business-Law-Notes (Final Review)
Document Summary
Tort: a wrongful act causing harm to the person or property of another. The purpose of tort law is to compensate victims for harm caused by activities of others. A category of civil law (private law) that covers many different causes of action. There are intentional and unintentional torts conduct not harm. Intention to harm is not the issue fault is. Goal is not to punish but to compensate for the loss sufferer. Plaintiff the party that commences a private (civil) legal action against another party. Defendant the party that allegedly committed the wrongful act against the defendant. Cause of action an event or a set of events that give rise to legal liability. Burden of proof the requirement that, unless a party can establish facts and law to prove the case, it will lose. Damages a sum of money awarded as compensation for loss or injury.
