BUL-3310 Lecture Notes - Lecture 8: Respondeat Superior, Punitive Damages, Strict Liability

• School: FSU
• Department: Risk Management/Insurance, Real Estate and Legal Studies
• Course: BUL-3310
• Professor: Stephen A Bailey

Document Summary

Overview: tort- an omission (failure to act) or a wrongful act (other than breach of contract) against a person or his/her property. Damages: compensatory damages- sum of money imposed on defendant as compensation for the plaintiff because the defendant has injured the plaintiff by breach of a legal duty. In some states part or a percentage of the punitive damages are awarded to the state and not the victim/plaintiff. Interference with economic relations: disparagement, occurs when economically injurious falsehoods are made about a(cid:374)other"s produ(cid:272)t or propert(cid:455, slander of quality: publishing false info, lade of title: pu(cid:271)lishi(cid:374)g dou(cid:271)ts of a(cid:374)other"s legal o(cid:449)(cid:374)ership of propert(cid:455) Interference with contract- elements: a valid, enforceable contract between two parties, a third part(cid:455)"s k(cid:374)o(cid:449)ledge of the (cid:272)o(cid:374)tra(cid:272)t, a third part(cid:455)"s i(cid:374)te(cid:374)tio(cid:374)all(cid:455) (cid:272)ausi(cid:374)g either of the t(cid:449)o parties to (cid:271)reak the contract. Individuals may not interfere unreasonably with a(cid:374)other"s (cid:271)usi(cid:374)ess to gain a share of the market. Proof of injury- an actual economic loss- is required.