Professional Documents
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Legal Environment of Business
Legal Environment of Business
Legal Environment of Business
P. GURU PRASAD
FACULTY
INC GUNTUR
LEGAL ENVIRONMENT OF
BUSINESS
Law is an instrument of social justice
of the state that seeks to provide justice,
stability and security in the
society.
Malfeasance-misconduct, driving
car with out license
Misfeasance-unlawful manner,
driving car at excessive speed
Nonfeasance-nonperformance of an
act, failure to do duty may cause
injury
General conditions of Liability in Torts
There must be a wrong committed by a
person.
Wrongful act must result in a legal
damage
A legal remedy in the form of an action
for damages.
Where the remedy of damages is not available or
is only a secondary remedy, then the wrong,
though it is a civil wrong, is not a tort, for ex.. In
public nuisance, the remedy is injunction but not
damages
Legal damage
1.Infringement of a legal right..
Right in rem.
2.Presumption of damage or injury in
law, in case an absolute right is violated;
Right in personam
3.Proof of actual damage suffered, in
case the right infringed is not of absolute
nature; but of a qualified right
(Trespassing)
Legal damage