Questions and Answers
What is a tort?
What are damages in a legal context?
What does the master-serving rule entail?
It holds the master (employer) liable for the conduct of the servant (employee).
What is negligence?
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What is respondeat superior?
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What are intentional torts?
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What is assault?
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What is battery?
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What constitutes false imprisonment?
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What is defamation?
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What is invasion of privacy?
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What is trespass to land?
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What is conversion?
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What is fraud?
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What is strict liability?
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What are statutes of repose?
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What is an injunction?
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What are compensatory damages?
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What are punitive damages?
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Who is a plaintiff?
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What is a summons?
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What is an answer in legal terms?
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What is discovery in a civil lawsuit?
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What is evidence in a legal context?
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What is testimony?
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What is a witness?
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What is a verdict?
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What is a judgement?
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What is a complaint in legal terms?
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Study Notes
Key Legal Terms in Business Law
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Tort: A private or civil wrong recognized by the law, providing a remedy to the injured party.
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Damages: A monetary award from the court to compensate a victim for loss or injury caused by another's actions.
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Master-Servant Rule: Establishes that an employer (master) is liable for the actions of their employee (servant) during the course of employment.
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Negligence: A prevalent tort, resulting from careless actions that lead to harm or injury to another person.
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Respondeat Superior: A legal doctrine holding employers liable for the actions of their employees performed within the scope of employment.
Types of Torts
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Intentional Torts: Torts committed purposely by the defendant, with the intent to cause an injury.
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Assault: An intentional act that creates a fear of imminent harmful or offensive contact in another person.
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Battery: Involves harmful or offensive physical touching of another individual.
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False Imprisonment: The unlawful deprivation of an individual's freedom of movement without consent or legal privilege.
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Defamation: The act of making false statements that harm an individual's reputation.
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Invasion of Privacy: Unauthorized intrusion into someone’s personal life, causing mental distress or humiliation.
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Trespass to Land: Entering someone else's property without permission.
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Conversion: Wrongfully using or controlling someone else's property, depriving the owner of its use.
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Fraud: The intentional deception regarding a significant fact, leading another party to act in a way that causes harm.
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Strict Liability: A legal doctrine holding a party responsible for damages without needing to prove negligence or fault.
Legal Procedures and Terms
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Statute of Repose: A law that limits the time frame in which a lawsuit can be filed for defects in a product's design or manufacturing, typically ranging from 10 to 12 years.
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Injunction: A court-issued directive requiring a party to perform or refrain from a specific action.
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Compensatory Damages: Financial awards designed to restore an injured party to their prior condition before the loss or injury occurred.
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Punitive Damages: Monetary penalties imposed on a defendant to punish wrongful conduct and deter future misconduct.
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Plaintiff: The party initiating a civil lawsuit by filing a complaint against another party.
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Summons: A court order commanding a defendant to appear in court to respond to a complaint.
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Answer: A legal document where the defendant addresses the allegations made in the complaint.
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Discovery: A pre-trial process wherein parties gather information and evidence to build their cases.
Evidence and Court Process
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Evidence: Materials or information presented in court to prove or refute allegations.
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Testimony: Statements made by witnesses under oath during legal proceedings.
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Witness: An individual who possesses relevant knowledge about the facts of the case.
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Verdict: The decision reached by a jury regarding the outcome of a case.
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Judgment: The final ruling or decision issued by a court following a trial.
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Complaint: A formal legal document filed by the plaintiff outlining allegations against the defendant and requesting relief, typically in the form of damages or an injunction.
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Description
Test your knowledge of essential legal terms in business law, such as torts, damages, and the master-servant rule. This quiz will help you understand the foundations of liability and negligence in a business context. Perfect for law students or anyone interested in legal principles.