Introduction to Business Case Study 2022

Running head: INTRODUCTION TO BUSINESS
INTRODUCTION TO BUSINESS
Name of Student
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Author Note

1INTRODUCTION TO BUSINESS
Introduction
Tort under the jurisdiction of the common law can be described as a civil wrong that can
cause a person to be suffering loss or injury which could be seen as resulting in legal liabilities
towards the person committing the tort. The law of tort is seen to be dealing with the
accountability of the people for causing damages by way of tortious act. The law of tort is often
times seen to be overlapping with other areas of law like the criminal law, contract law or
business law. Tort in business law is generally seen to be involving improper and intentional
interference towards the interests in other people’s business. The business tort is the injury
towards the interest in another person’s business. In this study a detailed analysis has been done
in relation to the importance of the law of tort in business operations.
Tort Law
The term ‘tort’ is derived from the latin word ‘tortus’ which means wrong. Torts under
common law can be defined as civil wrongs that have been done by party to another (Goldberg,
Sebok and Zipursky, 2016). A person would suffer for loss or injury by way of tort. The tort law
can oftentimes be seen as overlapping with the other areas of law like the criminal law and
business law (Zillman, Simmons and Gregory, 2015). A business tort can be defined as the
intentional and improper interference towards a business. The main purpose of the law of tort is
to be providing a way for holding responsible the people who cause harm. The primary intention
of the tort law is for discouraging anyone from making the same mistakes and for avoiding the
payment of fines for the tort judgments. The judgments in a tort case can be seen to be covering

2INTRODUCTION TO BUSINESS
loss of wages, pain and suffering, medical bills and loss of earning capacity. Punishments for the
corporations and other business entities for putting profit over safety in larger tort cases.
Purpose of Tort Law
The main objective of the law of tort is the restoration of the injured parties to the
conditions they had been before the injury had been inflicted upon them because of another
person’s actions. The restoration of the condition of the injured party is done by way of awarding
monetary damages for covering lost wages, medical expenses, compensation for anguish and
mental pain (Tilley, 2016).
Business Tort
Business torts or economic torts can be described as the intentional, reckless or negligent
wrongful acts that have been committed against business entities that would be resulting in
financial losses. Business torts can be considered as an intentional injury towards the business
interest of other people. The law of tort can be seen as important in business because it provides
a way for the businesses for defending themselves against the financial loss stemming from
anyone’s unlawful conduct which would be limiting the abilities of the business for operating as
normal. A business can be affected by various types of torts (Bernaz, 2016). Businesses that had
been injured financially through any intentional or negligent act of any other business can claim
for monetary damages in the civil courts. There are various types of business torts which include
civil conspiracy, fraudulent misrepresentation, breach of fiduciary duties and trade libel (Mann
and Roberts, 2015).