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Economic torts are tortious interference actions designed to protect trade or business. The area includes the doctrine of restraint of trade and, particularly in the United Kingdom, has largely been submerged in the twentieth century by statutory interventions on collective labour law and modern competition law, and certain laws governing intellectual property, particularly unfair competition law.
McDonald's coffee case: An American court case that became a cause célèbre for advocates of tort reform. A 79-year-old woman received third degree burns from spilled coffee purchased from the restaurant chain and sued to recover her costs.
Economic torts protect people from interference with their trade or business. The area includes the doctrine of restraint of trade and has largely been submerged in the twentieth century by statutory interventions on collective labour law, modern antitrust or competition law, and certain laws governing intellectual property, particularly unfair competition law.
A tort is a civil wrong, other than breach of contract, that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act. [1] Tort law can be contrasted with criminal law, which deals with criminal wrongs that are punishable by the state. While criminal law aims to punish individuals who ...
Academics identify four legal characteristics universal to business enterprises. These are: Separate legal personality of the corporation (access to tort and contract law in a manner similar to a person) Limited liability of the shareholders (a shareholder's personal liability is limited to the value of their shares in the corporation)
Dignitary torts – a specific category of intentional torts where the cause of action is being subjected to certain kinds of indignities. Defamation – The communication of a statement that makes a false claim, expressively stated or implied to be factual, that may harm the reputation of an entity.
In 1878, Cooley completed and published his work A Treatise on the Law of Torts or the Wrongs Which Arise Independently of Contract. One edition of Cooley's treatise on the subject matter of tort law was published in Chicago by Callaghan and Company in 1907. A Students' Edition was edited by John Lewis, a legal scholar and contemporary of Cooley.
The American Bar Association has a long history in supporting the development of business courts, [195] including, among other things, the creation of an Ad Hoc Committee on Business Courts in the 1990s, [196] which evolved into the permanent Business Courts Subcommittee [197] within the Business Law Section's Business and Corporate Litigation ...