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The three european countries with the highest debt levels: greece, ireland, and portugal. It also introduces the concept of tort law, focusing on consumer injuries caused by companies' products and the resulting damages. Examples of tort cases include mcdonald's hot coffee and atv accidents. The document further explains the difference between compensatory and punitive damages.
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Greece, Ireland, and Portugal are the three countries that are in the most debt in Europe. Assets + liability = equity Population of the U.S. is 300 million+ California is a bankrupt state Tort- when a consumer is injured by a companies’ product. o McDonald’s coffee too hot o ATV accidents o Compensatory Damages- company paying you back for all of your injuries When injuries keep your from doing what you were going to do Promising athlete o Punitive Damages- “sticking it” to the big companies. You get more money because they want to punish the big corporations. Shortage of black pigment for paint In the last 25 years there has been a big shift in logistics—shipment o