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Name Two Circumstances in Which an Employer Is Not Vicariously

question 11

Essay

Name two circumstances in which an employer is not vicariously liable for the acts of an employee.


Definitions:

Business Combination

A transaction or other event in which an acquirer gains control over one or more businesses.

Consolidated Balance Sheet

A financial statement that combines the assets, liabilities, and equity of a parent company and its subsidiaries into one document.

Noncontrolling Interest

A minority interest in a subsidiary that is not owned by the parent company, representing shareholders' equity in subsidiaries not attributable, directly or indirectly, to a parent.

Foreign Currency

The money or legal tender issued by a country's government, which is used and traded internationally outside of the issuing country.

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