Tort Law
Tort
Written, spoken, or assumed agreement to something
Consent
A lawsuit against a manufacturer of a toxic substance for harm caused by the manufacture or disposal of that substance
toxic tort
Purchasing goods with delayed payment
credit
To sign a legal document, guaranteeing to pay off the debt or contract if the original signer defaults
cosign
Money asked for or paid by a court order to a plaintiff for injuries or losses suffered
damages
The unauthorized intrusion on, or improper use of , property belonging to another person.
trespass
Strict liability
Money paid for the use of someone else's money
interest
The act of restoring something to its owner
restitution
The failure to exercise a reasonable amount of care in either doing or not doing something, resulting in harm or injury to another person.
negligence
Written or spoken expression about a person communicated to a third party that is false and damages that person's reputation.
Defamation
a deadline for filing a lawsuit that requires a tort claim to be filed within a certain period after the injury was suffered
Statue of limitations
A lawsuit brought by one or more persons on behalf of a larger group
Class action lawsuit
Something of value offered or received that must be present in every valid contract
consideration
The level of certainty and the degree of evidence necessary to establish proof in a criminal or civil proceeding.
Standard of Proof
In a civil case, money the court requires a defendant to pay a winning plaintiff to make up for harm caused.
Compensatory damages
Doctrine that says if a person keeps something on his or her property that is likely to attract children, that person must take reasonable steps to protect children against dangers the condition might cause
attractive nuisance
The interest rate paid per year on borrowed money
Annual percentage Rate (APR)
Elements of a contract
Offer, acceptance, consideration
The standard of proof used in a civil suit
Preponderance of evidence
Awards in excess of the proven economic loss.
Punitive damages
Four elements of negligence
Duty
Breach of duty
Causation
Damages
The unlawful act of charging interest for various types of credit at rates higher than the state's legal limit
usury
The legal responsibility to make damages form a harm such as breaching a contract less severe if possible
duty to mitigate