Which of the following best defines torts of negligence in business?

Prepare for the UCF BUL3130 Legal and Ethical Environment of Business Exam 2. Dive into legal and ethical concepts with flashcards, multiple-choice questions, and detailed explanations. Get exam-ready with comprehensive study resources!

The definition of torts of negligence in business is best captured by the idea of failure to exercise reasonable care leading to harm. In the context of business, negligence refers to situations where a party fails to act with the prudence that a reasonable person would exercise under similar circumstances, and this failure results in damage or injury to another party.

For example, if a company does not uphold safety standards in its operations and, as a result, someone gets injured, the company can be found liable for negligent torts. This reflects the essence of negligence, which hinges on the concept of carelessness or inaction that leads to foreseeable harm.

Understanding negligence in business settings is critical, as it emphasizes the responsibility businesses have to protect their clients, employees, and the public from avoidable harm. This concept is foundational for businesses to mitigate risks and maintain ethical standards in their operations.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy