In: Finance
What are the three categories of torts?
What does the UCC Section 2 cover? What does the UCC Section 2a cover?
What are the differences between contract law and UCC law?
What is a sale? What is a merchant?
What is the difference between goods and services?
What is the predominant rule?
What terms does the UCC allow to be open? What cannot be open?
What is a merchant’s firm offer?
What are a person’s alternatives if they are sent non-conforming goods?
What happens under the UCC if additional terms are included in the acceptance?
10. What are the requirements for modifications under the UCC?
11. What is the perfect tender rule?
12. List and define the exceptions to non-conforming goods being considered a breach.
13. List the obligations of the Buyer.
14. List the obligations of the seller.
15. What is anticipatory repudiation?
16. List and define the Seller’s remedies.
17. List and define the Buyer’s remedies.
What is a warranty of title?
List and define the types of implied warranties.
What are warranty disclaimers?
A tort basically refers to the civil wrong underlying the jurisdiction of the common law that causes some other person to suffer the harm or law unfairly that result in legal liability against the person that have committed the act which is tortuous in nature. It stands to be the act which is considered as wrong but do not include breach of trust or contract that result in jury to reputation, property and person of another person or like pertaining which the party being injured is eligible for compensation.
Three types of tort law are intentional tort, negligence and strict liability.
1. International tort comes into picture when an entity or individual purposely involve in conduct which result in damage or injury to another. For example, false imprisonment, trespass, defamation.
2. Negligence tort reflects particular code of conduct that must be expected to be followed by every person. It reflects legal duty of the people to act in particular manner so as to minimize risk of harm to another person or other people. Failure to comply with such standard is called as negligence. For example: truck accident and car accident.
3. Strict liability involves the absolute or strict liability which is applicable to the cases wherein the responsibility pertaining to injury can be levied on the person that has done something wrong without having proper proof of direct fault or negligence. For example defective products.