Which of the following statements is true about the liability of principals for the acts of their agents?
A) Principals are responsible whenever the agents commit torts or criminal acts.
B) Principals are never responsible for any of the torts committed by their agents.
C) A principal is responsible only for the torts committed within the scope of the agent's employment.
D) A principal is liable for torts committed by the agent if the agent was in an unauthorized place at the time of commission of the tort.
C
You might also like to view...
Which of the following statements is CORRECT, assuming stocks are in equilibrium?
A. The dividend yield on a constant growth stock must equal its expected total return minus its expected capital gains yield. B. Assume that the required return on a given stock is 13%. If the stock's dividend is growing at a constant rate of 5%, then its expected dividend yield is 5% as well. C. A stock's dividend yield can never exceed its expected growth rate. D. A required condition for one to use the constant growth model is that the stock's expected growth rate exceed its required rate of return. E. Other things held constant, the higher a company's beta coefficient, the lower its required rate of return.
Hern MacTavish only invests in lending investments. If his financial advisor gave him the list below, which might Hern invest in?
A) Saving accounts B) Stocks C) Income-producing real estate D) Bonds E) Both A and D
For a complaint proposed to the five commissioners by an FTC staff member to be officially issued:
a. there must be unanimous agreement b. at least 2 commissioners must vote for it c. at least 3 commissioners must vote for it d. at least 1 commissioner must vote for it e. 4 out of 5 commissioners must vote for it
What is the rationale for companies to provide employees with bonuses, profit sharing, commissions, and stock options?
A) to save money on base salaries B) to encourage better performance C) to avoid paying golden parachutes D) as an alternative to promotions E) to ensure fairness of compensation