Chapter 4

Question 1

Requirements for Fraudulent Misrepresentation (FRAUD)

Answer 1

1. Misrepresentation of a material fact
2. intent to deceive
3. innocent party relies on the deception
4. injury or loss
5. misrepresentation is the cause of the loss

Question 2

Defemation

Answer 2

When someone says something publicly to go against someone’s good reputation!

Question 3

Wrongful interference in contract or bus. relationship

Answer 3

If there is a valid contract or business relationship and another business trys to intervene to mess that up

Question 4

Puffery

Answer 4

an exaggerated description of a good or service

LEGAL

Question 5

Types of disparagement of property

Answer 5

SLANDER OF QUALITY - deals with untrue publication about product alleging it is not what seller claims

SLANDER OF TITLE- publication denies ownership

Question 6

Conversion

Answer 6

Stealing property

even if sold the buyer has committed CONVERSION

Question 7

Duty of care that business has

Answer 7

A business’s duty of care is a legal obligation to protect the health, safety, and wellbeing of its employees and clients=

Question 8

Requirements of Negligence

Answer 8

1. Duty of Care
2. Breach of that duty
3. Cause of injury
4. Injury

Question 9

Product Liability

Answer 9

Manufacturers and sellers are liable for physical harm or property damage caused by goods

Question 10

Who is liable to whom in a product liability case

Answer 10

The producer of the product

Question 11

Defenses to a product liability case

Answer 11

1. Assumption of risk
2. Product Misuse
   3.Comparative Negligence
   4.Commonly known dangers

Question 12

Strict Liability

Answer 12

Liability for product defects occurring in manufacture, design, or warnings