Business Law Final Review

What is a tort?

• a criminal act
• a set of laws
• a civil wrong
• none of these

Which of the following is TRUE about civil law?

• the plaintiff is the state
• the defendant goes to jail if held liable
• damages are often in the form of money
• all of these are true

When does a tort occur?

• when a person is injured
• when property is damaged
• when a person's reputation is harmed
• all of these

What is an advantage of the tort law system?

• people are held accountable for their actions
• companies are held accountable for the safety of their products
• people must take reasonable care of others' property
• all of these

Which of the following is NOT an element needed to prove negligence?

• duty
• damages
  
• intent
• causation

_____________ occurs when a defendant fails to use reasonable care.

• Duty of Care

• Breach of Duty

• Proximate Cause

• Actual Harm

The standard of care used in negligence is based on what a reasonably competent person, in the same position and having the same knowledge, would do in that person’s position.

• true

• false

When an Accountant lies on their client's taxes, which of the following has occurred?

• nothing - the Accountant has no duty to customers

• Physical damages

• a breach of duty
• all of these

If you drive a car, you are expected to follow the rules of the road and not injure others?  This represents a

• proximate cause
• duty of care
• negligent obligation
• none of the above

What is the role of the mediator?

• Offer a solution to the parties involved in the mediation

• Act as an impartial third party facilitating discussion without taking a side

• Investigate the issue being discussed

• To pronounce the verdict of the jury