14. Daniel is employed by Bob's Boatyard as a collection agent. Daniel was to repossess a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
14. Daniel is employed by Bob's Boatyard as a collection agent. Daniel was to repossess a boat owned by Anya for missed payments for a dock rental. In fact, Anya was NOT late, but Bob's bookkeeper made an error in entering payments. Daniel repossessed the boat. Why is it that Daniel and Bob's Boatyard are jointly and severally liable? O a. Both parties have an obligation that binds. O b. Daniel is acting as an independent agent. O c. Both parties are economically responsible for the tort. O d. Joint and several liability relieves Daniel from his duty. 14. Daniel is employed by Bob's Boatyard as a collection agent. Daniel was to repossess a boat owned by Anya for missed payments for a dock rental. In fact, Anya was NOT late, but Bob's bookkeeper made an error in entering payments. Daniel repossessed the boat. Why is it that Daniel and Bob's Boatyard are jointly and severally liable? O a. Both parties have an obligation that binds. O b. Daniel is acting as an independent agent. O c. Both parties are economically responsible for the tort. O d. Joint and several liability relieves Daniel from his duty.
Expert Answer:
Answer rating: 100% (QA)
ANSWER B Daniel is acting as an independent agent While independent agents can offer their clients p... View the full answer
Related Book For
The Legal and Regulatory Environment of Business
ISBN: 978-0078023859
17th edition
Authors: Marisa Pagnattaro, Daniel Cahoy, Manning Magid, Lee Reed, Pe
Posted Date:
Students also viewed these accounting questions
-
For several years, Albert acted as a collection agent for Paulette. Recently, Paulette revoked Alberts authority to collect payments from customers. However, neither Paulette nor Albert told any...
-
Why is it that voice and video traffic is often sent over TCP rather than UDP in todays Internet?
-
A boat is pulled into a dock by a rope attached to the bow of the boat and passing through a pulley on the dock that is 1 m higher than the bow of the boat. If the rope is pulled in at a rate of 1...
-
5.8 Calculate the U value for the following double- glazed windows assuming the temperatures and the heat transfer coefficients as given in Example 5.1: (a) Ordinary glass with vacuum between the...
-
Why are depreciation and amortization added back to net income when calculating CFO using the indirect method? How much did High Liner expense for depreciation and amortization in 2011? What would...
-
According to the information presented in the passage, what would likely have happened if the iron lung had not been invented? A. Some polio patients would have perished more quickly. B. Paralysis in...
-
Flasher Freight Ltd is considering three investments for the new year. The company has a cost of capital of 12%. Summary information concerning the net cash inflows of the investments and their...
-
Sales mix, new and upgrade customers. Zapo 1-2-3 is a top-selling electronic spreadsheet product. Zapo is about to release version 5.0. It divides its customers into two groups: new customers and...
-
Create a research paper outline about The Right to Abortion. The outline should make your points, in abbreviated form, and include your supporting evidence - i.e., cases (including the 4 legal codes...
-
Allen Blay owns 100% of the stock in AB Corporation, organized ten years ago in California. AB operates a foreign branch in Country A. In the current year, AB reports $500,000 of taxable income from...
-
Your company signed a forward contract in the past to invest in certain foreign currency (FC). Today, t = 0, you are interested in knowing the market value of your outstanding forward contract. Your...
-
What are people usually motivated to do when they experience a face-threatening act?
-
In what ways can you categorize your key abilities and attributes to project credibility?
-
Under what circumstances is using powerless speech advantageous?
-
What are some ways you might undersell yourself on rsums?
-
Which forms of language are characterized as powerless?
-
You are a nurse on an intensive care unit that is over capacity. A patient receiving extra care and attention can make the difference between life and death. A son is concerned because his 98 year-...
-
The Higher the time period of the financial security the higher the. ............... risk. O a. Maturity O b. Default and Maturity Oc. Default O d. Liquidity
-
Copyright Ownership (a) If you spend the time and effort necessary to alphabetize the names of the students at your school and list their e-mail addresses, can you copyright a printed version?...
-
An online backpack store sells many products that are popular with elementary school children. The store knows some children under 10 subscribe to the stores coupon service. Is the store subject to...
-
What does it mean to say that law is the foundation of the private enterprise system?
-
Use a stem-and-leaf plot to display the data, which represent the runs scored by a batsman in a World Cup series. Organize the data using the indicated type of graph. Describe any patterns. 70 75 71...
-
Use a stem-and-leaf plot to display the data shown in the table at the left, which represent the drunk driving cases registered at 30 strategic road intersections. Organize the data using the...
-
Use a stem-and-leaf plot that has two rows for each stem to display the data, which represent the incomes (in millions) of the top 30 highest-paid tech CEOs. Organize the data using the indicated...
Study smarter with the SolutionInn App