What Do Primary Liability and Vicarious Liability Have in Common

question 43

Multiple Choice

What do primary liability and vicarious liability have in common?

• A) A corporation is subject to accountability for both.
• B) A corporation cannot be assessed for either using the identification theory.
• C) Both require the directing mind to share liability from the corporation.
• D) Both are irrelevant to actual or apparent authority.

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Definitions:

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to a negative balance of trade.