BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Crimes
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Torts
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Tarts
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Ordinances
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Detailed explanation-1: -Torts are distinguishable from crimes, which are wrongs against the state or society at large. The main purpose of criminal liability is to enforce public justice. In contrast, tort law addresses private wrongs and has a central purpose of compensating the victim rather than punishing the wrongdoer.
Detailed explanation-2: -A common definition of torts is that they are redressable civil wrongs, i.e. wrongs for which the injured party may claim remedies in the form of compensations from the party who has injured him. Civil wrongs mean those wrong actions which are not recognized by the State as being criminal wrongs.
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: -A tort is a conduct that harms other people or hampers their property. It is a private wrong against a man for which the aggrieved party can recover damages, i.e. money or monetary compensation. The injured party can sue the wrongdoer (tortfeasor) to seek damages to compensate for the harm or loss to him.