Question
The concept of business torts is an interesting area of the law.We learned that a Tort is a violation of a known legal duty owed
The concept of business torts is an interesting area of the law.We learned that a Tort is a violation of a known legal duty owed to another person (as opposed to contract liability that only arises if both parties to a contract voluntarily enter into an agreement).Most business against business legal controversies involve breach of contracts, but under certain areas of tort law, one business can owe a duty of care to another business---even absent a voluntary agreement between the two on how to conduct commerce.Comment on the following:
Is there a legitimate reason society needs laws to make sure businesses respect the rights of another business, or is the capitalistic/free competition environment impeded by such laws?Should commerce be conducted in simply an unregulated, let the best competitive forces prevail world?Are there some businesses functioning in our economy that, were it not for their ability to legally "complain" about a competitor, should just fail because they would not function profitably in an purely free market economy?
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