Exam 2: An Introduction to Contracts, Torts, Statutes and Regulations

A Contract in its most fundamental definition would be an agreement between two or more parties for which if there is a breach of the agreement

Tort law involves

To be valid, a Contract must be in writing

A construction contract

Tort law generally involves 1) a civil wrong, 2) between two parties that must be contractually obligated, 3) in which the wronged party is entitled to compensation

Common law depends upon

Most of the Common Law principles and traditions in the United States originated throughout Europe

Criminal law seeks to

How we react emotionally to daily challenges can impact schedules or affect the quality and conformance to design requirements

Civil law

There is no place for emotional reactions to the daily pressure of construction

For our purposes in construction, law can be separated into criminal law and

Ethics

Civil law includes Contract law, torte law, and Statutory/regulatory law

There are many statutes and regulations the construction professional must follow or comply with

Another term often used for a Subcontractor is Specialty Contractor

We can trace much of our adversarial legal system back to the Greeks

Common law relies upon precedence in previous cases

A remedy in legal terms

A Contract is an agreement between two or more parties for which if there is a breach of the agreement a court can determine a remedy