Acct 324 class 4

Acct 324 class 4 - Acct 324 Torts are the civil wrongs that...

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Acct 324 Torts are the civil wrongs that people to do property/people Intentional torts are things that we do on purpose Want to cause harm Negligence is something we don’t immediately know the outcome of but we did mean to do the act (we don’t foresee the outcome) Tort law exist to compensate people when they have torts happen to them Tort law also prevents retaliation Ex) if someone hits you, you don’t have to hit them back, you can sue them and get money Reinforces law because you can actually oblige the law by suing them Suing for money or suing them to fix something they broke Ex) have a car accident, get hurt, sue the person to pay for injuries physically, car damage, and pain and suffering (you can’t make that go away, therefore people compensated with money) Charleston record for wrongful death happened with minivans where the car was rear- ended where the child died and Chrysler was sued and had to pay $4 million in damages and then paid imputative damages (for the child’s death, pain and loss for parents) of $250 million. Assault and battery (civil version of criminal battery)
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This note was uploaded on 02/03/2012 for the course ACCT 324 taught by Professor Eppink during the Spring '10 term at South Carolina.

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Acct 324 class 4 - Acct 324 Torts are the civil wrongs that...

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