What does tort mean?

Tort is the area of law involving obligations by one person or entity to another. An example is negligence where one party owes a duty of care to another. A tort arises when the party owing the duty of care breaches that obligation and damage is experienced by a party to whom they owned that duty.

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From a purchaser's perspective, what due diligence should I do?

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What should I be aware of with liquidations and winding up a business?