Management and Organizational Studies 2275A/B Chapter 4-7: Bus Law Midterm 2 Textbook Notes

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Chapter 10: introduction to tort law law provides a remedy rely on the tort of trespass. Tort: a harm caused by one person to another, other than through breach of contract, and for which the. Ex. when someone leaves their car in a parking garage without paying, parking garage operators. Deceit or fraud: a false representation intentionally or recklessly made by one person to another that causes damage. Ex. when a customer purchases a vehicle based on the vendor"s intentional representation that the. Vendor committed tort of deceit because made an untrue statement, which the purchaser relied on. Negligence: unreasonable conduct, including a careless act or omission, that causes harm to another. Most common tort to arise in business contexts. Ex. when lawyers/accountants give their clients incompetent advice that causes loss. Ex. when a customer purchases a defective product, that was improperly designed/produced.