Strict Liability Does Not Automatically Apply Under Canadian Law in Circumstances

question 53

True/False

Strict liability does not automatically apply under Canadian law in circumstances where a breach of contract arises as a result of an employee's breach.

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Definitions:

Net Income

The remaining earnings of a business after subtracting all expenditures and taxes from its total income.

Financial Position

A snapshot of a company's assets, liabilities, and equity at a specific point in time, indicating the financial health and stability of the entity.

Operating Cash Flow

The cash generated from a company's normal business operations, reflecting how much cash is generated from revenues after operating expenses.

Tax Rate

The specified percentage of incomes that the government earmarks for collection from individuals or corporations as taxes.