What is tort law?
A body of civil law that imposes liability on a person who commits a civil wrong (a tort) that causes harm or injury to another person or their property
What is the difference between a trust and a will?
Will: A legal document you create that specifies how your assets should be distributed after your death.
Trust: A legal arrangement where a grantor transfers assets to a trustee to manage for beneficiaries.
What is bankruptcy?
Being unable to pay debts
What is the purpose of the amendment?
Amendments are intended to adapt the Constitution to changing social and political landscapes and to address perceived shortcomings or injustices.
What is identity theft?
Someone illegally uses another person's personal or financial information, like a Social Security number or credit card details, to commit fraud or gain benefits, such as opening new accounts, making purchases, or receiving medical car
What are the elements of tort?
-Duty (To not break the law)
-Violation of duty
-injury
-Causation
What is the main benefit of a will?
What is the purpose of bankruptcy?
To provide a fresh start
What is the process of adding an amendment?
Amending the Constitution is a rigorous process involving proposal (by Congress or a national convention) and ratification (by state legislatures or state conventions).
Who is most at risk for identity theft?
Seniors, children, young adults, high-income individuals, and people who overuse or reuse passwords are most susceptible to identity theft.
What are common types of tort?
-Assault (threat)
-Battery (acting on it)
-False imprisonment
-Defamation
What are the key terms in a trust?
What are the types of bankruptcy?
Chapter 7 (Liquidation)
Chapter 11 (For businesses)
Chapter 12 (Farmers and fishermen)
Chapter 13 (when can't make payments)
What are the first 10 amendment called?
The first 10 amendments are the Bill of Rights.
How do you prevent identity theft?
protect your Social Security Number and other personal information by using strong, unique passwords. Monitor your credit reports.
How do crimes and torts differ?
Crime=Crime against people Tort=aganist a individual
What are the limitations of a will?
What are some causes of bankruptcy?
medical bills, credit debt, divorce, business failure, reduced income
What is the 25th amendment?
Establishes procedures for presidential disability and succession, covering the death, resignation, or removal of the president and vice president
What do you do when you've fallen to identity theft?
Call your credit card company and freeze your cards
What is the purpose of tort law?
What are the key terms in a will?
What are some consequences of bankruptcy?
denied jobs, prevented apartment, higher interest rates, and prevented from obtaining a loan
What is the 9th amendment?
States that the enumeration of specific rights in the Constitution does not deny or disparage other rights retained by the people.
How do people commit identity theft?
Online, looking in mailoxes, garbage diving