BU231 Study Guide - Midterm Guide: In Essence, Posting Rule, Liability Insurance
Document Summary
The law and business administration in canada reading notes. The purpose of tort law is to compensate victims for harm caused by the activities of others: punishment is left to criminal law, if the conduct in question regards a crime. A tort identifies a set of circumstances that creates a right to claim compensation. In early days tort law was simple in the way that anyone that caused direct injury to another had to pay compensation: this type of liability is called strict liability. Tort law evolved overall to take into account both fault, and causation. Fault: this is used as a deterrent since people will be more careful if their actions have. Strict liability: modern day attitudes about fairness mean that most liability is based upon fault, strict liability exists in vary few areas of law because of the evolution of tort law over time.
