Business Law Book Notes
Chapter 8 Intentional Torts and Business Torts
Tort- a violation of duty imposed by the civil law
When a person breaks one of these duties and injures another
Libel, negligence, interference with a contract and fra
Ch. 13 - Legality
-Know the 3 ways Ks can be classified as illegal.
A STATUTE prohibits
o Certain behavior or activities, and the Contract involves the
prohibited behavior or activity, OR
o A certain type, object/subject of the con
REVIEW EXAM 1
Know the function of the courts.
DEFINE The rights and duties of citizens
DEFINE Legal relationships
DICTATE Acceptable and unacceptable behavior and ramifications of
Law and Legal Reasoning
Important functions of law in any society is to provide Stability, Predictability, and
Continuity so that people know how to order their affairs.
By setting forth the Rights, Obligations, and Privileges of citizens, the law enables
Ranchland Properties and Prairie State Investments sign a written contract for a sale
of land. In some states, to be enforceable, this contract must include
a. a statement of the source of financing.
b. a correct title, such as "Land Transfer" or "Real Es