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Insurance & Risk Management
16. Chapter 19: The Liability Risk/Basis of Legal Liability
16. Chapter 19: The Liability Risk Illustration
Syllabus Slides

Basis of Legal Liability

01.Core Concepts

A tort is a legal wrong for which the court allows a remedy in the form of money damages The person who is injured (plaintiff) by the action of another (tortfeasor) can sue for damages Torts fall into three categories: Intentional, e.g., fraud, assault Strict liability means that liability is imposed regardless of negligence or fault Negligence