When is a principal liable for torts committed by an agent? How can a principal reduce his
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
As a general rule an agent is personally liable for any torts that she commits The principal is liable for any tort ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Canadian Business & the Law
ISBN: 978-0176501624
4th edition
Authors: Dorothy DuPlessis, Shannnon o'Byrne, Steven Enman, Sally Gunz
Question Posted:
Students also viewed these Business Law questions
-
1. Why do we care whether an agent is a servant or an independent contractor? 2. You said generally not liable for the torts of an independent contractor. When is a principal liable for these torts?
-
When is a principal liable for the agents actions with respect to third parties? When is the agent liable?
-
Holabird & Root hired the Chicago law firm Sabo & Zahn to bring a collection action against a local real estate developer, Horwitz Matthews, Inc. (HM). Sabo won a $150,000 Judgment against HM on...
-
Calculate the new profit sharing ratio after the admission of Fischer. Assignment Ubisoft Entertainment is a partnership of exclusive game distributors who specialize in electronic arts and play...
-
Hipster Corrector guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately 3% of sales. Assume that the Hipster dealer in Colorado Springs...
-
Stretch and Trim Carpet Company sells and installs commercial carpeting for office buildings. Stretch and Trim Carpet Company uses a job order cost system. When a prospective customer asks for a...
-
Assume the training heart rates of all 20-year-old athletes are normally distributed, with a mean of 135 beats per minute and a standard deviation of 18 beats per minute, as shown in the figure....
-
Flowers Galore (FG) has been in business for several years. FG is open Monday-Friday with hours from 9 a.m. until 6 p.m. Saturdays, FG is open from 9 am until 2 pm. FG is the only flower shop in this...
-
Create an outline for a training session to help a team avoid phishing. What could be included in that training session? What are some typical signs that an email might be fraudulent?
-
Explain the difference between closed-fact and open-fact situations.
-
Describe how an agent can be liable to the principal.
-
Is a contract formed by an electronic agent binding on a principal? Explain.
-
The force applied at the handle of the rigid lever causes the lever to rotate clockwise about the pin B through an angle of 2°. Determine the average normal strain in each wire. The wires are...
-
Briefly describe each of the following, and note how each differs from a conventional preferred stock. a. Convertible preferreds b. Floating-rate preferreds c. Prior preferred stocks d. Trust...
-
Explain how a deferred annuity works as a tax shelter. How does a tax-sheltered annuity work, and who is eligible to purchase one? Discuss whether a deferred annuity is a better tax shelter than an...
-
The Bullorbear Company has 500,000 shares of \($2\) trust preferred stock outstanding. The firm generates an EBIT of \($40\) million and has annual interest payments of \($2\) million. Given this...
-
Shawn Healy bought 300 shares of Apple Computer common stock at \($132\) a share. Fifteen months later, in December, Apple was up to \($147\) a share and Shawn was considering selling her shares...
-
Argon and potassium are neighbors in the periodic table but have very different sizesa potassium atom is approximately 3 times the size of an argon atom. What does this difference imply about their...
-
Simplify by using the imaginary unit i. -2 -36 6
-
Dr. Chan obtained a $15,000 demand loan at prime plus 1.5% on September 13 from the Bank of Montreal to purchase a new dental X-ray machine. Fixed payments of $700 will be deducted from the dentists...
-
Mary Jane Boerner began smoking in 1945 at the age of fifteen. For a short time, she smoked Lucky Strikes (a brand of cigarettes) before switching to the Pall Mall brand, which she smoked until she...
-
Videotape is recorded magnetically. The magnetic particles that constitute the recorded image are bound to the tapes polyester base. The binder that holds the particles to the base breaks down over...
-
Bret DAuguste was an experienced skier when he rented equipment to ski at Hunter Mountain Ski Bowl, Inc., owned by Shanty Hollow Corp., in New York. The adjustable retention/release value for the...
-
Let R denote the region in the xy-plane that lies in the first quadrant and is bounded by the lines y = 1 - x, y = 2 - x, y = x + 1, and y = x - 1. Set u=x+y and v = y-x. (a) Solve for x and y in...
-
Reply to The culture established by Mr. Kelleher places importance on employee happiness, which directly influences customer satisfaction and overall organizational achievements. To maintain this...
-
First, technology has a major impact on talent shortage. With the increased use of AI, there are fewer data analysis jobs required, so technology can potentially replace some forms of supply chain...
Study smarter with the SolutionInn App