Definition of 'Tort Law'
There are many different types of torts, including:
* **Negligence:** This is the most common type of tort. It occurs when someone fails to take reasonable care to avoid causing harm to another person. For example, if you drive your car through a stop sign and hit another car, you may be liable for negligence.
* **Intentional torts:** These are torts that are committed intentionally. For example, if you punch someone in the face, you may be liable for assault and battery.
* **Strict liability torts:** These are torts that do not require proof of negligence or intent. For example, if you own a dog that bites someone, you may be liable for the bite even if you did not know that your dog was dangerous.
Tort law is important because it helps to protect people from harm. It also helps to deter people from engaging in risky or dangerous behavior. If you are injured by someone else's negligence, you may be able to recover damages through a tort lawsuit.
Here are some additional details about tort law:
* Tort law is based on the principle of "tortfeasor pays." This means that the person who caused the harm is responsible for paying for the damages.
* Tort law is designed to compensate victims for their losses. This can include compensation for medical expenses, lost wages, pain and suffering, and other damages.
* Tort law can also be used to punish wrongdoers. In some cases, the defendant may be ordered to pay punitive damages, which are designed to punish the defendant and deter others from engaging in similar behavior.
Tort law is a complex area of law. If you have been injured by someone else's negligence, it is important to speak to an attorney to learn more about your rights and options.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.