Future Business Leaders of America (FBLA) Business Law Practice Exam

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Study for the FBLA Business Law Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Practice this question and more.

What term describes a private wrong committed by one person against another?

Tort
Liability
Contract
Negligence

The correct answer is: Tort

The term "tort" specifically refers to a private wrong that one individual commits against another, which can result in harm or injury. Torts are generally categorized as civil wrongs that allow the injured party to seek compensation or remedy through legal action. This concept is crucial in understanding civil law, as it addresses various types of wrongs, such as personal injury, defamation, and trespass. The other options relate to legal concepts but do not accurately describe a private wrong in the same way. Liability refers to the legal responsibility one has towards another, often resulting from a tort but not synonymous with it. A contract involves an agreement between parties and does not inherently describe wrongdoings. Negligence is a specific type of tort that occurs when one party fails to exercise reasonable care, leading to damage or injury to another. While negligence is a component of tort law, it does not encompass all private wrongs, making "tort" the most appropriate term for the question.