Business Law Test 1 // Chapter 6

Front 1

Lanham Act

Back 1

i. Prohibits false statements in commercial advertising or promotion

Front 2

Self Defense

Back 2

-Reasonable force allowed
-Do not have to retreate
-If 3rd party is injured, not liable

Front 3

Conversion

Back 3

An intentional exercise of dominion or control over a chattel which seriously interferes with the right of another.
EX) Joyriding in another’s car for 7 hours

Front 4

Recapture of Chattels

Back 4

One can enter reasonably upon the land of another to remove a wrongfully taken chattel.

Front 5

Libel

Back 5

Slander IN WRITING

Front 6

Damage Calculation

Back 6

-Past and future medical expenses
-Past and future lost earnings
-Past and future pain and suffering
-Past and future loss of society
-Attorney’s bill

Front 7

Punitive Damages

Back 7

Damages intended to punish the defendant for conduct that is extreme and outrageous.

Front 8

Tort Reform

Back 8

Cap on all “noneconomic damages” (pain and suffering, loss of society)

-Cannot exceed $250K
-3 times the “economic damages”

Front 9

Commercial Exploitation

Back 9

The use of anothers likeness for commercial purpose.