LAW 122 Study Guide - Product Liability, Post Office, Malicious Falsehood

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ivorydog431

15 Oct 2012

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Document Summary

It is important for business students to be aware of certain torts affecting the normal course of business operations. Tort law mediates a compromise of competing values and interests. Concerned with the need to strike balance between protecting plaintiff"s reputation and respecting defendants freedom of speech. Occurs when 2 or more defendants agree to act together with the primary purpose of causing the plaintiff to suffer a financial loss. Easier to prove if defendants conspired to commit unlawful act; only need to show that defendants should have known that actions may hurt plaintiff. Plaintiff must prove: if conspiracy to commit lawful act - defendants" primary purpose is to financially harm plaintiff if conspiracy to commit unlawful act - defendants liable since should have known risk of harm. Occurs when plaintiff suffers a loss as a result of defendants threat to commit unlawful act against plaintiff or 3rd party.

Related Questions

The difference between a company's strategy and a company's business model is that

A)a company's strategy is the plan for achieving strategic objectives while its business model is the plan for achieving financial objectives.

B)the strategy concerns how to compete successfully and the business model concerns how to operate efficiently.

C)a company's strategy is management's game plan for realizing the strategic vision whereas a company's business model is the game plan for accomplishing the business purpose or mission.

D)strategy relates broadly to a company's competitive moves and business approaches (regardless of the financial outcomes it produces) while the term business model relates to whether the revenues and costs flowing from the strategy demonstrate that the business is viable from a profit perspective.

E)a company's strategy concerns how to please customers while its business model concerns how to please shareholders