PowerPoint_Chapter_5

PowerPoint_Chapter_5 - Kulper - Econ 189 Kulper - Econ 189...

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Unformatted text preview: Kulper - Econ 189 Kulper - Econ 189 1 Kulper - Econ 189 Kulper - Econ 189 2 Tort Means Wrong Tort Means Wrong Defamation -- making a false statement Defamation -- making a false statement about someone - written or verbal about someone - written or verbal Negligence -- performing wrong surgery Negligence -- performing wrong surgery Interference with contract -- stealing a Interference with contract -- stealing a client away from a competitor client away from a competitor Fraud -- offering to sell something that Fraud -- offering to sell something that doesnt exist doesnt exist A tort is a violation of a duty imposed by civil law. Kulper - Econ 189 Kulper - Econ 189 3 Tort vs. Criminal or Contract Law u Criminal Law -- behavior classified as dangerous to society; prosecuted by the government, whether victim wants to prosecute or not; money award goes to the government u Contract Law -- based on breach of an agreement between the two parties; victim prosecutes and receives compensation or restitution. u Tort Law -- based on an obligation imposed by the law with no agreement needed between parties; victim prosecutes and receives compensation or restitution. Kulper - Econ 189 Kulper - Econ 189 4 Categories of Tort Law u Intentional Torts Does not necessarily require an intention to harm the victim, only an intention to perform the act which caused the injury. (Intentionally throwing an object, but not meaning to hit anyone is a tort if it causes injury to someone.) Includes business torts, a category of torts perpetuated almost exclusively by business entities....
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PowerPoint_Chapter_5 - Kulper - Econ 189 Kulper - Econ 189...

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