Between 2008 and 2010, Tim's Gyms Wants to Expand His

question 237

Multiple Choice

Between 2008 and 2010, Tim's Gyms wants to expand his business by building 20 new gyms around the country. Suppose that Tim promises to repay the lenders a specific amount on specific dates. This type of funding is

• A) bonds issued in the bond market.
• B) a mortgage obtained in the loan market.
• C) mortgage- backed securities issued in the bond market.
• D) stocks issued in the stock market.

Understand the concept of nondelegable duties and scenarios where principals cannot delegate responsibilities to avoid liability.

Grasp the basis of an employer's liability under the doctrine of respondeat superior.

Identify situations in which a principal is not liable for the actions of independent contractors.

Analyze the conditions under which employers are directly liable for the actions or non-actions of their employees and nonemployee agents.

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Definitions:

Cognitive Dissonance

The psychological unease felt by an individual harboring two or more conflicting beliefs, ideas, or values simultaneously.

Death Penalty

A legal punishment where a person is put to death by the state as a consequence for a crime.

Pro-Death Penalty

Support for capital punishment, which involves executing individuals as a penalty for severe crimes.

Dissonance Theory

A theory suggesting that inconsistency among beliefs or behaviors causes an uncomfortable psychological tension that people are motivated to reduce.