LAW 122 Lecture Notes - Lecture 4: Objective Test, Professional Negligence In English Law, Stock Market

• School: Ryerson University
• Department: Law and Business
• Course: LAW 122
• Professor: Heidi Francis

Document Summary

Definition: the careless act of causing harm. Purpose: to compensate for harmful risky actions conducted carelessly but to allow for careful risk-taking. Opinion of either plaintiff or defendant does not matter. Subjective conduct of defendant does not matter. Deter(cid:373)i(cid:374)atio(cid:374) of (cid:862)reaso(cid:374)a(cid:271)le(cid:863) sta(cid:374)dard (cid:271)ased o(cid:374) risk (cid:373)a(cid:374)age(cid:373)e(cid:374)t. P- probability of harm if risk occurs. Courts compare s to r and decide. It is reasonable to spend r as long as r p x l. It is reasonable not to spend r, if r > p x l. Example: meteor hit this classroom and kills professor. It is reasonable to spend up to (r). it is reasonable not to spend more than . I a(cid:373) still reaso(cid:374)a(cid:271)le e(cid:448)e(cid:374) if i do(cid:374)"t (cid:271)uy. Standard is higher than a reasonable person in general. Standard may be higher still for specialist expert. Must act as a reasonable expert would act. May 28th, 2015 (cid:862)errors of judge(cid:373)e(cid:374)t(cid:863) are differe(cid:374)t tha(cid:374) (cid:272)areless(cid:374)ess.