Arthur Is a Sales Director at a Technology Firm

question 10

Multiple Choice

Arthur is a Sales Director at a technology firm.He has been provided with a company's credit card, so he can expense out his business meetings on it.However, he has been using this card to expense his family lunches once or twice a month and disguises it as a business meeting.In this case, Arthur is involved in:

• A)Moonlighting.
• B)Misusing company's assets.
• C)Cheating.
• D)Technology theft.
• E)Affecting other salespersons.

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Definitions:

Principal

In finance, this term refers to the original sum of money invested or loaned, not including any interest or dividends. In law, it can also mean the main party to a transaction.

Agent

An individual or entity authorized to act on behalf of another person or entity, known as the principal, in transactions, negotiations, or other legal matters.

Joint And Several Liability

A legal term indicating that each party involved is individually responsible for the entire debt or obligation, as well as collectively with the other parties.

Agent's Torts

Refers to wrongs committed by an agent acting on behalf of a principal that can lead to liability for the agent and potentially the principal.