Page 21 - Insurance Times May 2019

ELEMENTS OF

LEGAL LIABILITY

(OR)

BIRD'S EYE VIEW

OF LEGAL

LIABILITY

Principles of Law: Y Law of contracts and trusts
A good legal system is the basis of civilised life and society
Civil law has developed more by means of case laws and
and the law is the means of seeking to do justice between
the human beings. A legal system is the frame work within whereas criminal law has to be a great extent by statute.
The purpose of civil proceedings is to enable individuals to
which everyone lives. Each person has owes certain legal
enforce their rights or recover their property and the
right and a legal wrong is a violation of a person's legal
criminal proceedings are to enforce law and order in the
rights, or a failure to perform a legal duty owed to a certain
person or to society. interests of community. By punishing the offender and such
proceedings are undertaken by the state.
Legal liability/legal responsibility:
Main Branches of Legal wrong
It is the liability of a party imposed by a court for its actions
or omissions for which the courts will award financial It is either a violation of a person's rights or the failure to
damages or as any form of compensation perform a legal duty for a party. It arises from three general
classes of legal wrongs
Main branches of civil law: Y Crime
Y Law of torts Y Breach of Contract

About the author Y Tort

R. Venkatesan Crime
BA BGL AII DIL A crime is an unlawful act or omission, which is an offence
Retd. United India Insurance against any individual and may give rise to civil liability. It
is a legal wrong against society and in which a person

The Insurance Times, May 2019 21