Which of the Following Best Demonstrates the Concept of Vicarious

question 35

Multiple Choice

Which of the following best demonstrates the concept of vicarious liability?

• A)Jack is employed by Jim as a trainee mechanic.Jack goes to a party on the weekend and is asked by a friend,Mary,to check her car that won't start.Jack checks the car.A few minutes after Mary drives away,the car's ignition explodes injuring Mary.
• B)A man's dog runs out of the house and mauls a letter carrier.
• C)A cow leaves its pasture,walks into the garden of another farmer and destroys all the farmer's crops.
• D)Jack is employed by Jim as a trainee mechanic.Jim's sister,Maggie,brings her car to the shop.It has an engine problem.Jack has never worked on a car's engine before.Jim asks Jack to work on the engine.Jack works on the engine.Later when Maggie drives off in the car,the engine explodes,injuring Maggie.
• E)Jack is injured on the job as a result of slipping on oil in the shop.

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Definitions:

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Portfolio

A group of various financial instruments such as stocks, bonds, commodities, and cash or cash-like assets, including mutual funds and exchange-traded funds.

Portfolio Diversification

An investment strategy that involves spreading investments across different financial assets to reduce risk.

Diverse Securities

A variety of financial instruments that an investor holds, including stocks, bonds, and commodities, to reduce risk through diversification.