Unit two Milstone business law.docx - 1 Which of the...

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1 Which of the following statements about torts and crimes is true? Torts carry a legal remedy of damages, while crimes do not. A criminal act is immoral, while a tortious act is not. Tort law is more concerned than criminal law about the reasons for a defendant’s actions. An act may either be a crime or a tort, but not both. CONCEPT Introduction to Tort Law 2 An example of foreseeable damages from a faulty repair of your car that led to an accident would be __________. your loss of one year's wages from a job, since you were fired that day for being late after the accident additional hotel and travel charges that you incurred, because you missed your flight that day as a result of the accident your loss of a winning lottery ticket that blew away in the wind during the accident the cost to repair your vehicle, as well as all damage to other vehicles involved in the accident CONCEPT Limitations on Contract Remedies 3 To be enforceable, a contract typically must __________. have mutual assent, legal value exchanged by both parties, legal capacity of both parties, and be for a legal purpose
have mutual assent and legal capacity of both parties, and be in written form have assent and consideration from at least one party, and have legal capacity and purpose from both parties have mutual assent, legal value exchanged by both parties, and be entered into in good faith CONCEPT Contract Formation 4 A laundry detergent company advertises that its new product can remove any stain from clothes in just one wash, although company testing has shown that it oftentimes takes two or three washes for a stain to disappear. Which type of intentional tort does this represent? Tortious interference with contract Misrepresentation This action does not rise to the level of an intentional tort. Defamation CONCEPT Intentional Torts 5 The Uniform Commercial Code (UCC) is the primary source of law for contracts regarding __________. the sale or lease of goods only the sale of goods and services the sale of goods, services, and real estate
the sale of goods and real estate CONCEPT Sources of Contract Law 6 A red car crashes into a blue car at night on a dark road. The driver of the blue car sues the other driver for negligence. Assuming it is true, which of the following would represent a strong defense against the negligence claim? The driver of the blue car was drunk and driving erratically, which caused the accident. The red car was rushing to the scene of another accident to provide medical care. Both drivers assumed the increased risk associated with driving at night. Neither driver was wearing a seatbelt. CONCEPT Negligent Torts: Damages and Defenses 7 Contracts function as a symbol of __________ in modern society.

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