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Torts

A Tort is a wrongful act done in circumstances involving strict liability, but not involving breach of contract, for which a civil suit can be brought. This act may damage a person physically, personal property, family, reputation, business or social relation ships, or anything the law sees as a legal injury. Torts are mainly done, on purpose but can also be caused involuntarily. The main torts that we see in the banking world are negligence, fraud of deceit, and defamation.

Negligence
Negligence is the most common tort. It is an ingredient of many non-intentional wrongs that one individual suffers because of the nonfeasance, misfeasance or malfeasance of another. Negligence iss based on the assumption that each member of society has a duty to every other member to act as a reasonable person would act under similar circumstances. A tort does not become upon because of negligence; in a court room the plaintiff should had resulting in a loss because of the......

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Approximate Word Count: 1035
Approximate Pages: 5 (250 words per double-spaced page)

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