Question: Explain what is meant by vicarious liability. Describe the limitations on its application.

Explain what is meant by “vicarious liability”. Describe the limitations on its application.

Step by Step Solution

★★★★★

3.44 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Vicarious liability is a principle whereby one person is responsible for the ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

688-L-B-L-L-E (3639).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

Explain what is meant by the 'fair value of a liability'?

Q:

Explain what is meant by stockholders limited liability.

Q:

(a) Explain what is meant by component depreciation and its status under inter national accounting standards. (b) Trin, a limited liability company, owns its business premises. It has just installed...

Q:

Re Chapter 10 : Q1, 15, 23, 27 1. Describe an agency relationship and explain the role of the parties. Why is it important to understand the law of agency in business? 15. Distinguish among a sole...

Q:

Insert Editing Paragraph MILICA 1 1 2 3 4 5 15. Distinguish among a sole proprietorship, a partnership, and a corporation. 17. If two people enter into a business together with the object of making...

Q:

subject : Business Law 1) Explain the elements of a valid contract. 2) Explain what is meant by vicarious liability" and the conditions to fulfill in order to succeed in an action for vicarious...

Q:

BAWB 1014 Q2 Q3 QUESTION 2 Explain what is meant by "vicarious liability" and the conditions to fulfill in order to succeed in an action for vicarious liability. (4 marks) QUESTION 3 Explain TWO (2)...

Q:

Explain the principle of the thin skull rule. 2 points Your answer Explain what is meant by vicarious liability in the employment context. 2 points Your answer What is contributory negligence? Give...

Q:

Explain what is meant by vicarious liability

Q:

Explain what is meant by vicarious liability and when it is available?

Q:

(a) Twenty four months ago a sum of RM10,000 was invested. Now the investment is worth RM12,000. If the investment is extended another twenty-four months, it will become RM14,000. Find the simple...

Q:

The DNA Corporation, a biotech engineering firm, has identified seven R&D projects for funding. Each project is expected to be in the R&D stage for three to five years. The IRR figures shown in Table...

Q:

To avoid unwelcome adjustments, you should stick with long - term goals. switch to less desirable choices. be conservative in your expectations. avoid emotional attachnent to goals.

Q:

You need to select a nanny for your or a relative child, and want someone ethical. Based on what you read in this chapter, what would you do to help ensure you ended up hiring someone ethical?

Q:

Owner has a place on his land where he piles trash. The pile has been there for three months. John, a neighbor of Owner and without Owners consent or knowledge, throws trash onto the trash pile....

Q:

Chris leaves her car parked in front of a store. There are no signs that say Chris cannot park there. The store owner, however, needs the car moved to enable a delivery truck to unload. He releases...

Q:

Carr borrowed Johns brand-new car for the purpose of going to the store. He told John he would be right back. Carr then decided, however, to go to the beach while he had the car. Can John recover...

Q:

13. A land investor owes $350,000 on a loan for a piece of lakefront property. If the interest accrual loan was financed with a 4-year term at 7.5% per annum, compounded quarterly, what is the...

Q:

PORTFOLIO REQUIRED RETURN Suppose you are the money manager of a $5.2 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Beta Investment $...

Q:

Instructions: Case Study Requirements The team has been instructed to select a bank that operates within the Caribbean Region. The team needs to describe and assess three banking services that the...