What are the three categories of private law?

The correct categorization of private law involves three specific areas: property, contract, and tort. These categories define the different types of legal relationships and obligations that exist between private individuals or entities.

Property law concerns the rights and responsibilities of individuals regarding the ownership and use of tangible and intangible assets. This area of law addresses issues such as buying and selling property, leasing, and real estate transactions.

Contract law governs the agreements made between parties, ensuring that promises made in those agreements are enforceable. It covers various aspects, including formation, performance, breach, and remedies for breach of contract.

Tort law deals with civil wrongs that cause harm or loss to individuals, providing a framework for victims to seek compensation. This area encompasses various wrongful acts, including negligence, defamation, and intentional infliction of emotional distress.

These three categories are fundamental to understanding how private law operates within legal systems, allowing individuals to resolve disputes and enforce rights without involving the state or government in matters typically reserved for personal or business relationships.