LAW 122 Chapter Notes -Liability Insurance, Risk Management, Absolute Liability
9 Feb 2014
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Negotiation most common form **private, only works if parties want it to work. Arbitration imposes a decision and is binding. Parties usually select arbitrator who is familiar with the specific area. If you lose arbitration, it is considered binding. In tort law the harm is against you. **think of the balance of competing interests when referring to torts. Wild animals are an example of strict liability. Domestic animals are strict liability only if you are aware if the dog for example is dangerous. Strict liability there is a chance of defense. Contract agrees for a price to take damage on behalf of the defendant. An insurance contract do have a number of exclusions that it will not cover. Intentional or criminal activity they do not cover. In personal liability you are saying the company or someone directly did something wrong. Should they be vicariously liable for his actions. The employers did everything right, did the background check and all.
