The Principle of Liability Stating That an Employer Is Liable

question 44

Multiple Choice

The principle of liability stating that an employer is liable for a physical tort committed by an employee acting within the scope of employment and a nonphysical tort of an employee acting with authority is called

• A)the equal dignities rule.
• B)respondeat superior.
• C)fiduciary control.
• D)apparent authority.

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Definitions:

Restructuring

The process of significantly modifying the organizational, operational, or financial structure of a company to improve its efficiency and effectiveness.

Liquidation

is the process of bringing a business to an end and distributing its assets to claimants, often resulting from bankruptcy.

Divestiture

The process of selling off a business division, investment, or asset by a company, often as a strategy to focus on core operations, cut losses, or raise capital.

Acquisition

The process of one company purchasing most or all of another company's shares to gain control of that company.