A Corporation Is Liable to a Third Person for the Act

question 12

Multiple Choice

A corporation is liable to a third person for the act of its agent: ______.

• A) to the same extent as a natural person would be liable.
• B) only if the agent was expressly authorized to perform the act.
• C) only if the agent's act was a crime.
• D) only if the agent's act was based on an intent to benefit the corporation.

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Definitions:

Competitive Advantage

Describes a condition or circumstance that puts a company in a favorable or superior business position compared to its competitors, often due to unique resources, capabilities, or strategies.

Competitive Advantage

The unique attributes or circumstances that enable a company to outperform its competitors.

Advantages

Advantages refer to beneficial aspects or competitive edges that one person, group, product, or service has over comparable ones.

Areas of Competition

Pertains to the specific sectors or markets where businesses vie for dominance or market share.