LSB 3213 Lecture 28: Tort Law

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Legal Studies in Business
LSB 3213
William Michael Schuster

Tort Law A) Tort Law B) Tort – a wrongful act that causes injury to another C) Tort Law – compensates a party for wrongful acts done to them D) In a tort lawsuit, the court may ask: a. Has a party been wronged? b. What damages are appropriate? E) Compensatory Damages a. Special Damages – actual financial losses b. General Damages – compensates people (not companies) for nonmonetary damages (e.g., pain and suffering, loss of consortium) c. Punitive Damages – egregious intentional acts or gross negligence F) Intentional Tort – An intentional (volitional), wrongful activity that harms someone a. Must show – intent and harm G) Unintentional Tort – Negligent act that harms someone a. Negligence – A breach of a duty to act reasonably b. Must show – negligence and harm H) Standard of Care a. The way a reasonable person would behave I) Intentional Torts a. Intent – you must intend the consequences of your action i. There is no need to act with malice b. Types of intentional Torts i. Torts against the plaintiff's "person" ii. Torts against plaintiff's property iii.
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