Under the Doctrine of Respondeat Superior , a Corporation Can

question 122

Multiple Choice

Under the doctrine of respondeat superior , a corporation can be held liable for

• A)acts perpetrated by its market competitors.
• B)breaches of contract by its customers and suppliers.
• C)torts committed by its agents or officers.
• D)none of the choices.

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Definitions:

Net Investment Income

The income generated from investments after deducting all related expenses, such as interest payments, fees, and taxes.

Purchases of Real Assets

The acquisition of physical or tangible assets such as real estate, equipment, or commodities.

Financial Account

A component of the balance of payments that records transactions that cause a change in ownership of financial assets and liabilities between residents and non-residents.

Balance Surplus

The amount by which income exceeds expenditures in a budget, or the excess of receipts over payments in an account.