An Agent Is Always Liable for His or Her Own

question 36

True/False

An agent is always liable for his or her own torts committed within the scope of the agency relationship.

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders, and offers limited liability protection to them.

Partnership

A business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.

Cash Inflows

The total amount of money received by a company from its various business activities, including sales, financing, and investments, during a specific period.