Bus18StudentNOTESforINTENTIO

Bus18StudentNOTESforINTENTIO - Lecture Notes: TORTS -...

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Lecture Notes: TORTS - Intentional C HAPTER  6: T ORTS     Tort = French for “wrong”. Wrongful conduct by one party      that causes injury  to another. Crimes also involve “wrongs”, however, w/crimes, an act is  SO reprehensible  that it  is considered a wrong against the state  or against society on the whole as well as  the  individual victim. Therefore, the state prosecutes and punishes through fines,  imprisonment or death. In contrast, a tort action is a  civil action  (NOT involving breach of contract) in which  one party brings a suit against another to obtain  compensation  for the harm suffered.  Torts can occur in any context including the business environment .(e.g., liability for  defective products, wrongful interference w/the business rights of others, unfair  competition Basis of Tort Law Basic Purpose : Provide remedies  for the invasion of various protected interests . Types of interests recognized: Interest in personal physical safety     Remedies allowed for acts that cause physical  injury or that interfere with physical security and freedom of movement . Interest in protecting property     Remedies allowed for acts that cause destruction or  damage to property . Interest in protecting certain intangible interests:      such as  personal privacy family relations reputation      and  dignity     . Remedies provided for invasion of these interests. Classification of tort largely depends on  HOW  the tort occurs (intentionally or  negligently – i.e.,  TYPE of fault  involved) and the  surrounding circumstances Exception :   Strict Liability  where liability may be imposed regardless of fault. 4 Classifications (Types) of wrongfulness addressed : 1
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Lecture Notes: TORTS - Intentional 1. I NTENT  =  The  desire to cause certain consequences  or the  substantial certainty that   those consequences will result  from one’s behavior.  E.g. Pointing and firing a loaded  handgun at an individual 2. R ECKLESSNESS  =  The  conscious disregard (indifference) of a known and substantial   risk of harm  created by one’s behavior. E.g. Pointing and firing a loaded handgun  into a crowded area having no desire to hit anyone. 3. N EGLIGENCE  =  Failure to use reasonable care  and as a result, harm to another occurs.  LESS devere degree of fault than intentional wrongdoing.   E.g., Pulling the trigger  on a gun you  assumed  (you did NOT inspect the gun first) was not loaded that  consequently injures another. 4.
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This note was uploaded on 06/05/2011 for the course ACCT 323 taught by Professor Eubanks during the Spring '11 term at Athens University of Econ and Bus.

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Bus18StudentNOTESforINTENTIO - Lecture Notes: TORTS -...

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