Question: Match the following: - A. B. C. D. Agent - A. B. C. D. Indemnity - A. B. C. D. Joint & several liabilities -

Match the following:

Agent

Indemnity

Joint & several liabilities

Principal

A.Covering the losses as a result of liability for another party

B.Provides service of representation to a principal

C.When two or more persons are responsible for the same liability the claimant may go after one person for the full amount & it's up to the other persons to sort out the % liability between them on their own.

D.Vicariously liability for the agent's actions

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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

Students Have Also Explored These Related Law Questions!

UESTION 1 Match the following: - A. B. C. D. a research method that uses a questionnaire or interview administered to a group of people in person, or by phone or email to determine characteristics,...

QUESTION 1 Gender-specific colour coding takes place on account of gender, which is a social construct and does not indicate an innateness being associated with the idea of colour coding. True False...

he following questions: 20x1 20x2 Net Income $825,000 $930,000 Depreciation Expense 130,000 165,000 Inventory 1,200,000 1,640,000 Gross Fixed Assets 4,500,000 4,850,000 Dividends Paid 110,000 110,000...

Match the following. - a. b. c. d. e. S corporation - a. b. c. d. e. C corporation - a. b. c. d. e. Limited partnership - a. b. c. d. e. General partnership a. Contribution of appreciated property to...

Match the following. - A. B. C. D. Top is Customers, Bottom is Suspects - A. B. C. D. Pays off in today's marketing world - A. B. C. D. Top is Suspects, Bottom is Sales - A. B. C. D. Personalizes the...

Match the following: - a. b. c. d. Contribution margin - a. b. c. d. Degree of total leverage - a. b. c. d. Financial leverage - a. b. c. d. Operating leverage a. Amplifies business risk. b. Measures...

Match the following: - A. B. C. D. License - A. B. C. D. Easement - A. B. C. D. Right of Way - A. B. C. D. Building scheme A.Right to remove material from land, e.g. dirt, trees B.Gives right to...

Match the following: - A. B. C. D. Utility patent - A. B. C. D. Invention - A. B. C. D. Trademark - A. B. C. D. Building scheme A.A mark, symbol, or the like which distinguishes your goods and...

Complete tabs 6.1, 6.4, 6.7, 6.9, 6.12, 6.16, 6.23, and 6.33 in the attached Chapter 6 Excel spreadsheet. An EXAMPLE tab is provided in the spreadsheet for your guidance. You must use formulas in the...

need help on this homework problem Check my work E2-5 Determining Financial Statement Effects of Several Transactions LO2-3 FootCovers, Inc., with headquarters in Beaverton, Oregon, is one of the...

List some costs that are normally expensed that must be capitalized when a taxpayer self-constructs an asset for use in a trade or business.

1) Invent a fictitious person (position and title) whose duties involve management or accounting for a company. 2) Choose the company and an area such as accounts receivable and cash receipts;...

Select the necessary words from the list of possibilities to complete the following statements. Public company audits reports must be addressed to the board of directors and the _ . The serially...

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

LO13.4 Relate how the ability of monopolistic competition to deliver product differentiation helps to compensate for its failure to deliver economic efficiency.

8. Explain verbally and graphically how price (rate) regulation may improve the performance of monopolies. In your answer distinguish between (a) socially optimal (marginal-cost) pricing and (b)...

LO13.1 List the characteristics of monopolistic competition.