The Doctrine of Respondeat Superior Makes a Principal Liable for Any

question 57

True/False

The doctrine of respondeat superior makes a principal liable for any tortious or criminal acts committed by the agent,in furtherance of the agency,that result in harm to others.

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Definitions:

Brokers

Individuals or firms that act as intermediaries between buyers and sellers, often in financial markets, facilitating transactions for a commission or fee.

Federal Open Markets Committee

Fed body that has primary responsibility for money policy.

Bank Mergers

A process where two or more banks consolidate their assets and operations to form a single, larger entity.

Lending Standards

Criteria set by financial institutions to determine the creditworthiness of borrowers.