BUS 393 Lecture Notes - Lecture 3: Intentional Tort, False Imprisonment, Product Liability

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Document Summary

A tort is a civil wrong; a failure to fulfill a private obligation imposed by law. Tortfeasor a person who commits a tort. Tort law includes almost every sort of private law wrong outside of breach of contact. Tort law requires a tortfeasor to compensate victims. Both may trigger liability to pay damages as compensation: tort, primary duty: do not harm another, consequence of breach: compensatory damages, contact, primary duty: fulfill your promises, consequence of breach: compensatory damages. Each tort has its own list of elements and all have to be present. Occur when a person intentionally acts in certain ways. Meaning of intention differs depending on tort: some require intention to harm plaintiff, protects financial interests from purposeful harm. Unexpected tort liability imposed challenges for risk management liability insurance can be used to manage tort liability: contract in which business pays insurance company to, defend claims against business, pay any damages on behalf of the business.

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