BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
.... law deals with situations where a person’s behavior has caused someone else to suffer a loss or harm
A
Statues
B
Tort
C
Agency
D
Regulatory
Explanation: 

Detailed explanation-1: -In tort law, a tort is defined as a wrongful act or violation of a right, excluding a breach of contract, which causes loss, harm, or injury to another party and results in legal, civil liability.

Detailed explanation-2: -Tort law governs the remedies for civil wrongs. A person is liable for the wrongful act, whether done accidentally or intentionally. The injured or the aggrieved party is compensated by the payment for damages.

Detailed explanation-3: -Tort law has been called the law of wrongful injuries. It is the law that protects and compensates people who have been injured by the negligence, or recklessness, or intentional acts of wrongdoers. And it is the law that protects and compensates people who are injured by unsafe or defective products.

Detailed explanation-4: -Negligence – A duty is imposed on a person by law to act with care towards others, if this duty exists and there is a failure to act carefully and another suffers loss, then the tort of negligence is committed. It is already know that the India law of torts is based on the English Common Law.

Detailed explanation-5: -Law of tort and law of torts, the difference lays in the concepts. The former has a broader scope where all the wrongful acts backed by legal justification can be brought into action, whereas the other one has a limited scope which restricts the actions to be brought under certain specified torts to seek remedy.

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