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LAW 122 (825)


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Law and Business
LAW 122
Nick Iannazzo

Chapter 3 INTRODUCTION TO TORTS law 122 INTRODUCTION TO TORT LAW Tort meaning wrong or twister or crooked. Tort: generally consists of a failure to fulfill a private obligation that was imposed by law. Torts and Crimes: Tortfeasor is a person who has committed a tort Tort occurs when a person breaks a private obligation A crime occurs if a person breaks a public obligation TORT LAW AND CRIMINAL LAW Private law or Which parties Who are the What is the public law are involved in parties to the usual remedy the obligation action if that obligation is broken? Tort Law Private Law The defendant The plaintiff sues Compensatory owes an the defendant damages obligation to the plaintiff Criminal Law Public law The accused The government Punishment such owes an prosecute the as fine or obligation to accused imprisonment society Blood feud: allowed the family of a murder victim to take revenge by the killing the murderer or someone in his family. TORTS AND CONTRACTS Four differences between torts and contracts • Structure: both involve primary and secondary obligations o Primary- tell people how they out to act o Secondary are remedial how they must act after primary. • Sources of Primary Obligations: o Obligations in tort are simply imposed by law • Privity: o When two people enter into a contract they share a special relationship o Privity states that the only people who can sue or be sued on a contract are the parties themselves • Compensation: • Risk Management: Sources of Privity Compensatory Risk management obligation damages Tort Imposed by law Enforceable Place the plaintiff -may take a person by regardless of as if the tort did surprise any agreement not occur -may require more between the than a person is able parties to give Voluntarily Enforceable Place the plaintiff -always possible to Contract created by the only by or as if contract know the obligations parties against a party performed in advance to the contract -always possible to limit the obligations to promises that can be fulfilled Tort law has to strike a balance between competing interests Ex. While it wants to respect freedom of choice, it also wants to discourage dangerous behaviour. Three types of torts Intentional torts: when a person intentionally acts in a certain way -some torts require proof that the defendant intended to hurt the plaintiff. Others are satisfied by proof that the defendant merely intended to do the act ex. Assault, battery, intimidation, conspiracy, deceit , false imprisonment Negligence torts: occur when person acts carelessly Ex. Occupiers libality, nuisance, negligence, professional negligence , product liabiliy Strict liability torts: when a person does something wrong without intending to do so and without acting carelessly. Ex. animals GENERAL PRINCIPLES OF TORT LAW Principles that apply to tort law: 3 concepts 1. liability insurance 2. vicarious liability 3. remedies 1. LIABILITY INSURANCE a. LIABILITY INSURANCE: is a contract in which an insurance
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