PDF Notes: Business Law Exam #2

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    What is a tort?

    A civil wrong for which the law provides a remedy.

    What are compensatory damages?

    Compensation to restore the victim to their pre-tort position.

    How do intentional torts differ from unintentional torts?

    Intentional torts involve fault plus intent, while unintentional torts involve fault without intent.

    What constitutes assault?

    Creating a reasonable apprehension of immediate harmful or offensive contact.

    What is battery?

    Harmful or offensive physical contact with another person.

    What is false imprisonment?

    Intentional confinement of another person without justification.

    What is defamation?

    Wrongfully harming a person's character or reputation through false statements.

    What is invasion of privacy?

    Intrusion into an individual's affairs or seclusion that is highly offensive.

    What is negligence?

    Injury caused by failure to exercise reasonable care.

    What are the elements of negligence?

    Duty, breach, causation, and damages.

    What is strict liability?

    Liability without regard to intent or standard of care.

    What is product liability?

    Liability for harm caused by defective products.

    What are the types of defects in product liability?

    Manufacturing defects, design defects, and inadequate warnings.

    What is a trademark?

    A distinctive symbol that signifies a business or organization.

    What is copyright?

    Exclusive right to publish or sell an intellectual product for a limited time.

    What is a patent?

    Exclusive right to make, use, or sell an invention for a limited time.

    What distinguishes civil law from criminal law?

    Civil law involves private parties, while criminal law involves the state.

    What is mens rea?

    The mental state or intent required to be guilty of a crime.

    What is actus reus?

    The guilty act or commission required for a crime.

    What is a felony?

    Serious crimes punishable by death or imprisonment for more than one year.

    What is a misdemeanor?

    Non-serious crimes punishable by less than one year.

    What is self-defense?

    Justified use of force to protect oneself or others from harm.