Vicarious Performance Is Where

question 49

Multiple Choice

Vicarious performance is where

• A)a third party performs an obligation in place of another person who is ultimately liable for proper performance.
• B)an employee performs an obligation in place of another employee and the performing employee is liable for proper performance.
• C)parties to a contract enter into another agreement that has the effect of transferring the liability to perform to a third party.
• D)an employer performs an obligation in place of its employee and is liable for proper performance.
• E)parties to a contract agree to terminate a contract and substitute a new contract in place of the old one.

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Definitions:

Import Restrictions

Measures implemented by a country to control the quantity of goods coming into the country from abroad, which can include tariffs, quotas, and other barriers.

Foreigners

Individuals or entities from one country who are not natives or do not possess citizenship in the host country.

Infant-Industry Argument

The economic rationale that new or emerging industries should be protected from international competition until they become mature and competitive.

Political Pressure

The use of influence or persuasion by individuals or groups, often through lobbying or campaigning, to affect governmental policy or decisions.