Exam (elaborations)
Arm 54 Segment B – Questions & Answers (Expert Verified)
- Course
- Institution
Arm 54 Segment B – Questions & Answers (Expert Verified)
[Show more]
Content preview
Arm 54 Segment B – Questions & Answers (ExpertVerified)
Legal Liability Right Ans - The responsibility imposed by law for an act or
the failure to act.
Tort Right Ans - A wrongful act or ommission, other than a breach of
contract or crime, for which the remedy is usually monetary damages.
3 Broad Torts:
* Negligence
* Intentional Torts
* Strict Liability
Negligence Right Ans - The failure to excercise the degree of care that a
reasonabily prudent person would have excercised under similar
circumstances, to avoid harm to another person or legal entity.
(unintential tort)
4 Elements MUST be met:
* Duty owed
* Duty breached
* Proximate cause
* Damages/ Injury
Common Law Right Ans - A body of principals and rules derived from court
decisions over time.
Statute Right Ans - A written law passed by a legislative body.
Promiate Cause Right Ans - A cause, in a natural and continuous sequence
unbroken by any new and independent cause, produces an event and without
which the event would not have happened.
Compensatory Damages Right Ans - Payment for the losses actually
sustained by the plaintiff.
* Special Damages
, * General Damages
Special Damages Right Ans - Compensatory damages for actual losses that
the plaintiff claims are the result of the defendant's wrongful act or
ommission.
*Covers out of pocket expenses
General Damages Right Ans - Compensatory damages that do not have an
economic value and that are presumed to follow from the type of wrong
claimed by the plaintiff.
* Pain & Suffering
* Mental Anguish
* Bereavement from death of a loved one
* Loss of Confortium
Punative Damages (Exemplary Damages) Right Ans - Damages that are
imposed if the defendant acted recklessly or maliciously to punish the
defendant, to teach the defendant a lesson, or to deter others from engaging in
the same kind of conduct.
Injunction Right Ans - A court order that requires the defendant to stop
doing something or to do something.
Contributory Negligence Right Ans - The plaintiff's own negligence that in
part caused the plaintiff's harm and that prevents the plaintiff from
recoverying damages.
Comparative Negligence Right Ans - The plaintiff's negligence that in part
caused the plaintiff's harm and that proportionally reduces the damages that
the plaintiff recovers.
Assumption of Risk Right Ans - The plaintiff's act of knowingly and
voluntarily accepting the possibility of harm.
Statute of Limitations Right Ans - A statute that sets forth the periods of
time within which various types of legal actions must be brought.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now