MGMT 209 Chapter Notes - Chapter 5: Punitive Damages, Credit History, Intentional Tort
15 Dec 2020
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Other than a breach of contract, where the law provides your remedy. You can have punitive damages in torts. Intentional - you intended to do something/ or intended to hurt someone. Negligence - car wrecks, you were careless or reckless. Strict liability - liability without fault, abnormally dangerous activity, not a lot of them under common law, you did it and you pay, includes products liability. Why do we have torte law - make the guilty party pay. Deterrent - make an example out of you/ punish you. Punitive damages - texas has capped some, but people can take advantage of it. Compensatory damages - make up for what was wrong, broken. Car was torn up you were torn up, pay for that. Punitive damages - make an example out of you, usually higher than the actual damages. Actions of the business or its employees. The business commits a tort against another business.
