In What Way Do Primary Liability and Vicarious Liability Share

question 10

Multiple Choice

In what way do primary liability and vicarious liability share a commonality?

• 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.

Recognize the significance of titles, risk, and insurable interest provisions under the UCC.

Understand the criteria and procedures for contract formation and modification under the UCC.

Examine the impact of third-party beneficiaries of warranties and contractual obligations.

Understand and calculate percentage increases and decreases.

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