Liability & Law Flashcards
Stautory law
Bases on written laws
common law
based on previousy made court decisions when statutory law doesn’t provide an answer
contract law
regulates how to make and enforce legally binding agreements
tort
any civil wrongdoing intentional or not
tort law
law that provides remedies for torts
plaintiff
is the claimant
tortfeasor
commited tort is defendant
joint tortfeasor
more than 1 person commited tort
Intentional tort
planned wrongful act
Negligent tort
unintentional wrongful act
Jurisdiction
authority of a court or Judge to hear a case and to make a judgment
Judicial distract
the designation of a geographic area over which a particular court has jurisdiction
Complaint in court
claimant takes their case to court
Answer in court
Defendant ( tortfeasor) must answer to accept and pay, accept and show evidence, or deny
default judgment in court
in court if defendant does not respond the plaintiff will have to prove case to judge to win
duties of the insured when going to court
keep insurer updated w all info and to do as insurer says
Insurer Obligation in court
to defend policyholder and pay for legal expenses
Reservation of rights in court
insurer can defend their policyholder and then if they find out that its not covered they can withdraw
Damages in court
monetary compensation for loss
Non waiver agreement
same thing as reservation if rights but policyholder must sign giving up their right
what are the categories of harm in court?
physical, financial, both physical/financial, or emotional/reputational
what are the two main types of damages in court?
compensatory and punitive
compensatory damages
money awarded for tangible and intangible economic loss
two types of compensatory loss
special and general