ECON 2010 Lecture Notes - Lecture 7: Product Liability, S Corporation, Parachuting
Document Summary
Intentional torts: a tort is an act or omission that gives rise to injury or harm to another and amounts to a civil wrong for which courts impose liability. injury describes the invasion of any legal right, whereas harm describes a loss or detriment in fact that an individual suffers: an intentional tort implies, requires intent . Which is called transferred intent: the tortfeasor must intend to commit an act, the consequences of which interfere with another"s personal or business interests in a way not permitted by law. Causation: another element necessary to a negligence action is causation. Palsgraf vs. long island railroad co: palsgraf was standing on a platform of the railroad after buying a ticket to go to. A train stopped at the station, bound for another place. One of the men reached the platform of the car without mishap, though the train was already moving.
