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business law 1

Disparagement of Property occurs when economically injurious falsehoods are made about another's product or property
Slander of Title publishing false information about another's legal ownership of property that results in financial loss to the property's owner
Negligence in Action in Order duty, breach, causation, damages
Reasonable Person Standard holds an individual to a standard of how others in similar situations would have acted
Business Invitees an individual who is invited to a store or business for business purposes
Causation the plaintiff must have two different types of causation
Causation in Fact the harm would not have occurred "but for" the conduct of the defendant
Proximate Cause the link between the action and cause was sufficiently strong to warrant liability
Compensatory Damages defendant reimburses the plaintiff for actual losses
Special Damages quantifiable monetary losses; economic losses
General Damages compensate for non-monetary aspects of harm suffered, such as pain and suffering. Not available for business or economic losses
Punitive Damages monetary damages used to punish the defendant. only allowed in certain circumstances where conduct was particularly bad
Comparative Negligence a theory in tort law which undertake liability for injuries resulting from negligent acts is shared by all parties who were negligent (including the injured party), on the basis of each person's proportionate negligence
Contributory Negligence a theory in tort law which under the complaining party's own negligence contributed to or caused their injury. NO matter how significant the plaintiffs negligence was relative to the defendants negligence, the plaintiff was precluded from recovering any d
Dram Shop Act imposes liability on bartenders who have served too much alcohol to those who are involved in accidents after leaving the bar
Negligence Per Se if the defendant violated a statute where a duty of care was imposed, the negligence is assumed to have occurred
Created by: kourtapril
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