RMI-4224 Lecture Notes - Lecture 3: Die Mannequin, Punitive Damages, Contributory Negligence

• School: FSU
• Department: Risk Management/Insurance, Real Estate and Legal Studies
• Course: RMI-4224
• Professor: William K Jones

Document Summary

Negligence defenses: assumption of risk. If there is ,000 of damages and someone gets 40% and another gets 60: act of god/act of nature, example. If (cid:455)our (cid:374)eigh(cid:271)or"s tree falls o(cid:374) (cid:455)our (cid:455)ard. Intervening cause: statutes of limitations, amount of time to bring the lawsuit, statutes of repose, o(cid:374)(cid:272)e a produ(cid:272)t is a (cid:272)ertai(cid:374) (cid:374)u(cid:373)(cid:271)er of (cid:455)ears old we are(cid:374)"t goi(cid:374)g to hold the manufacturer responsible for anything. Intent a volitional act causation: strict (tort) liability, product liability. If that product causes harm, then they hold manufacturer negligent: absolute (tort) liability, does(cid:374)"t (cid:373)atter if the other perso(cid:374) is held (cid:374)eglige(cid:374)t as well, (cid:455)ou are still negligent, three instances, flammable/explosive firearms animals. Who can be held liable: vicarious liability, joint and several liability. Damages: compensatory, special, measurable, general, pain and suffering, loss of consortium, etc, punitive or exemplary, punishment, make an example, awardability.