What type of law is when one or more parties who signed a contract cannot or will not meet their obligations?
Contract Law
What are the 3 elements needed for a contract?
Offer, Acceptance, Consideration
What are the 3 types of strict liability?
Animal Bites, Product Liability, Abnormally Dangerous Activities.
What are the 5 types of civil law?
Contract law, Tort law, Property law, Family law, Class Action
Who can't enter into a contract?
A minor, Mental disability, Bankrupcy
Product liability falls under what act?
Consumer Protection Act
What are the steps in a civil case?
Pre-Filing, Initial pleading, Discovery, Pre-trial, Trial, post-Trial
What is a breach of contract?
When someone does not follow an agreement and contract laws allows you to take the problem to court
Name 3 of the 5 parties who could be held liable
Product Designer, Manufacturer, Distributor, Whole Saler, Retailer,
What are the 4 elements of negligence?
Duty of Care, Breach of Duty, Causation, Damages
What is the definition of a contract?
A promise that a court will enforce and is punishable
What is the difference between negligence and strict liability?
Negligence focuses on the defendants activity, strict liability focuses on the product
What is Tort Law?
A tort is an act or a mission that causes harm to a person or property
What is the difference between Unilateral and Bilateral contracts?
Unilateral is 1 party giving promise and performing equal acceptance, Bilateral is 2 parties giving promises
What does the FTC do?
They enforce Anti-trust laws and stop defective, unfair, or fraudulent business practices