Chapter 12 Torts The Basis of Tort 1. The Purpose of Tort Law a. Damages Available in Tort Actions Compensatory damages (including special damages and general damages) : compensate or reimburse the plaintiff for actual losses Special damages: compensate the plaintiff for quantifiable monetary losses. General damages: compensate individuals (not companies) for the nonmonetary aspects of the harm suffered‚ such as pain and suffering. b. Punitive Damages: Only when the defendant’s conduct was particularly
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growing process. However‚ many women find they are losing hair at an unhealthy rate‚ with 50 percent of women suffering from hair loss. Most people have heard the term male pattern baldness‚ yet aren’t familiar with female pattern hair loss. Women refuse to live with this condition‚ nevertheless‚ with many women option for Ladies Wigs and Hair Pieces to cover this loss of hair. When choosing a wig or hair piece‚ ladies have to take care to ensure the look remains natural. "Ladies find they have a
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Tort and Regulatory Risks This paper will address preventative‚ detective‚ and corrective measures for a company to manage regulatory risks. We will also review common business torts that occur in many businesses today. According to Jennings: Tort comes from the Latin term tortus‚ which means “crooked‚ dubious‚ twisted.” Torts are civil wrongs‚ actions that are not straight but twisted. This paper will also describe specific measures to manage torts and other regulatory risks that are identified
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Many trial lawyers argue about the need for the tort reform. The tort reform is a cap that the civil justice system has placed on how much can be awarded in punitive damages. Many Americans see civil lawsuits as a waste of money‚ they believe that too much money is being given away. A lot of pressure is put on trial lawyers to not accept lawsuits that can be perceived as petty and frivolous. That is just it‚ though‚ any situation can be perceived in a completely different way. For example‚ having
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This paper will discuss the hypothetical scenario and case problem 4.4 and its implications on unintentional tort or negligence. It can be found on page 124 of our textbook Business Law Today: Essentials‚ written by Roger LeRoy Miller and Gaylord A. Jentz. As read in the case‚ “Kim went to Ling ’s Market to pick up a few items for dinner. It was a rainy‚ windy day‚ and the wind had blown water through the door of Ling ’s Market each time the door opened. As Kim entered through the door‚ she slipped
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George sued Jerry under a theory of intentional infliction of emotional distress‚ alleging various grievances. Jerry has moved to dismiss the complaint on the grounds that even if everything George alleges in the complaint is true‚ George has failed to allege an adequate basis for liability under a theory of intentional infliction of emotional distress. The issue at hand is should the court deny the motion to dismiss. The essential elements of an action for intentional infliction of emotional
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the Law of torts. However‚ to every general rule there exceptions‚ this paper will discuss in some detail. the meaning of the three terms of intention‚ motive and malice as used in the Law of torts. In discussing the terms as used in tort‚it is important to note that Tort means a civil wrong for which the remedy is a common-law action for unliquidated damages‚and which is not exclusively the breach of a contract or breach of trust or other merely equitable obligation’ (Salmond:Law of Torts)1 Another
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……………………………………………………….….Page 3 2.Tort case …………………………………………………………………………..Page 4‚ 5 3. Contract Cases………………………………………………………………….Page 5‚ 6‚ 7 4. References…………………………………………………………………………Page 7 Introduction The area of law that is covers the majority of all civil laws. Essentially‚ every claim that arises in civil court with the exception of contractual disputes falls under tort law. The concept of tort law is to correct a wrong done to
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Torts of negligence are breaches of duty that results to injury to another person to whom the duty breached is owed. Like all other torts‚ the requirements for this are duty‚ breach of duty by the defendant‚ causation and injury(Stuhmcke and Corporation.E 2001). However‚ this form of tort differs from intentional tort as regards the manner the duty is breached. In torts of negligence‚ duties are breached by negligence and not by intent. Negligence is conduct that falls below the standard of care
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All Firms Should Produce at MR=MC In economics‚ the point of profit maximizing and loss minimizing is called MR=MC. This point is where marginal revenue equals marginal cost‚ meaning that cost does not exceed revenue and revenue does not exceed cost. This is a profit-maximizing zone‚ meaning that total cost is not the lowest‚ but is farthest away from the total returns. The optimal point of production for the firm is at the point MR=MC. Marginal revenue is defined as the change in total revenue
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