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. contract liability . contract: an agreement between parties; written, verbal, or implied . breach of contract: agreement not honored, failure to perform; for example, paying rent or an agreement to perform a service or deliver a product . typical damages include: value of what was not performed (unpaid
everyone (even strangers) must behave; intentional, negligent, strict liability . typical damages include all foreseeable damages that result from the tortious act (medical costs, property damages, lost earnings, pain and suffering, punitive damages) . liability of employers . employers are liable for...
http://www.nmsbdc.org/uploads/FileLinks/40951bd77a524d03a8237c5d4391cbdf/Choosing_a_Business_Entity___Handout_060815.pdf
. contract liability . contract: an agreement between parties; written, verbal, or implied . breach of contract: agreement not honored, failure to perform; for example, paying rent or an agreement to perform a service or deliver a product . typical damages include: value of what was not performed (unpaid
everyone (even strangers) must behave; intentional, negligent, strict liability . typical damages include all foreseeable damages that result from the tortious act (medical costs, property damages, lost earnings, pain and suffering, punitive damages) . liability of employers . employers are liable for...
http://www.nmsbdc.org/uploads/FileLinks/dacfef79d5d04e2aa73b3d15c965826a/Choosing_a_Business_Entity___Handout_060815.pdf