LAW 122 Lecture 2: LAW122 Week 2 Chapter 3
1 Dec 2016
School
Department
Course
Professor
Document Summary
Chapter 3 introduction to torts: torts and crimes, torts and contracts, risk management. Intentional torts: negligence torts, strict liability, liability insurance, vicarious liability, remedies, compensatory damages, mitigation, punitive damages, nominal damages. Tort: a tort is a failure to fulfill a private obligation imposed by law. Tort law includes almost every sort of private law wrong outside of breach of contract. Social purpose: tort law discourages people from committing private wrongs by requiring them to compensate & restore the wronged party. Tort and contract: four differences between torts and contract1 similarity between torts and contracts, but four differences. Structure; both involve primary and secondary obligations. Primary obligations tell people how they ought to act. Secondary obligations are remedial and tell people how they must act after primary obligations have been broken. Obligations in torts are imposed by the law. Obligations in contracts are created by parties. This is available in both torts and contracts but it is calculated differently.
