Test 2 chapter 5 Flashcards
True of false:
Breach of contract is a tort
false
define tort
civil wrong that is not a breach of contract for which the law finds a remedy in the form of damages
who are torts formed against
the tortfeaser/defendant
tortfeaser
a person who commits the tort
meant to do the act that resulted in the harm
Three major types of torts
Intentional torts
Negligence
Strict Liability
Intentional torts
involves a deliberate action resulting in the harm
Negligence
Unintentional tort that happens dude to failing of reasonable care
Strict Liability
Liability without fault
mainly used in abnormally dangerous activities
ex. building implosions, wild animal as pet
appeasement
in what 2 ways is it accomplished
primary purpose of tort law - make them the way they were before the tort was committed
- Compensation to the victim
- The satisfaction the defendant/tortfeaser had to pay
what is the primary purpose of tort law
Appeasement
Justice
Deterrence
Social Insurance
Justice
in what ways is it given
Wrongdoer has to pay
ethical retribution - if you caused it you should pay through equitable or monetary damages
ethical compensation - victim is harmed and should be compensated
deterrence
prevention
“Least cost avoider” of accident is responsible
rule is intended to alter behavior
social insurance
party in the best position to spread loss of injury should pay
ex. manufacturer product hurts someone
manufacturer made the profit of sale
manufacturer is in best position to pay
Damages
compensatory damages
punitive damages
what is the purpose of compensatory damages
make the innocent party whole again
a. past and future medical expenses
b. pasta and future economic loss
c. past and future pain and suffering