Management and Organizational Studies 2275A/B Study Guide - Midterm Guide: Contributory Negligence, Vicarious Liability, False Imprisonment

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Document Summary

Tort: a harm caused by one person to another, other than through breach of contract, and for which the provides a remedy involved compensation usually in the form of damages. The events cannot be reasonable foreseeable or reasonable preventable. Based off of precedence (common law, but has been modified by statute law) Tries to assign liability based on fault. Purpose is to provide compensation and deterrence (changing how they act to avoid. If parties ignore tort risks, risk higher future costs, insurance loss & damaged reputation being sued) Torts can be categorized as intentional or negligent. Intentional tort: a harmful act that is committed deliberately or on purpose. False imprisonment: unlawful detention or physical restraint or coercion by psychological means. Example: if a store person thought you stole something and stopped you / does not let you leave that is an example of false imprisonment.