Match the Term with Its Definition

question 8

Multiple Choice

Match the term with its definition.
-Wrongful acts or omissions for which an injured party can take legal action against the wrongdoer for monetary damages

• A)business interruption insurance
• B)funds transfer fraud
• C)indemnification clause
• D)key-person life insurance
• E)personnel risks
• F)reasonable (prudent person) standard
• G)torts
• H)workers' compensation insurance
• I)workers' compensation legislation

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Definitions:

Sued

The act of bringing a legal action against an individual or entity to seek remedy or damages due to alleged wrongdoing or breach of contract.

Undisclosed Principal

A situation in which the identity of the principal is hidden from the third party by the agent at the time of entering into a contract or transaction.

Agent Duties

Obligations and responsibilities that an agent owes to their principal, including loyalty, confidentiality, and care.

Undisclosed Principal

In agency law, an individual whose existence and identity are not revealed by the agent during transactions conducted on their behalf.