Torts
Wrongful Conduct
What is a Tort?
Governs contracts for the sale and lease of goods.
What is the UCC or Uniform Commercial Code?
Reckless disregard for the truth in making a statement or promise.
What is fraudulent misrepresentation?
Duty to act solely for the benefit of the Principal.
What is the duty of loyalty?
A contract that cannot be performed within a year and is not in writing violates this.
What is the statute of frauds?
Intentional and unexcused threat of immediate harmful or offensive conduct.
What is Assault?
Something of value received or promised.
What is consideration?
Intentionally engaging in an activity notwithstanding the danger.
What is assumption of the risk?
Theory that the agent can seek reimbursement for costs and expenses from the principal.
What is Indemnification?
Transfer of contractual rights to a third party.
What is assignment?
Intentional confinement or restraint of another person's activities without justification.
What is false imprisonment?
Terms of contract of fully and explicitly stated in words.
Someone relies on a promise of another and engages in an act.
When a principal consents to meet the obligations entered into by an agent without consent.
What is Ratification?
A provision in a contract specifying the amount to be paid in the event of a default.
What are liquidated damages?
Spoken words which hurt another person's reputation.
What is Slander?
A valid contract one or both parties may void.
What is a voidable contract?
When a person does not have the mental ability to enter into a contract.
What is lack of capacity?
Requirement that the principal must supervise the agent.
What is Respondeat Superior?
Buyer's right to reject delivery if goods do not conform to the contract.
What is the Perfect Tender Rule?
Reckless disregard for the truth.
What is fraudulent misrepresentation?
Voluntary act by offeree showing agreement with the term of the offer.
What is Acceptance?
Preventing a person from exercising free judgment and reasoning.
What is the exercise of undue influence?
A person entrusted with n item to hold on behalf of another?
What is a bailee?
An assurance or guarantee by the Seller about the quality or features of the goods being sold.
What is a Warranty?