Which of the Following Is Correct with Regard to the Doctrine

question 37

Multiple Choice

Which of the following is correct with regard to the doctrine of respondeat superior ?

• A) It is a form of liability without fault.
• B) It ordinarily holds an employer liable for the acts of both employees and independent contractors.
• C) The liability of the principal under the doctrine is vicarious and depends upon proof of wrongdoing by the employee within the scope of employment.
• D) It is a form of liability without fault and t he liability of the principal under the doctrine is vicarious and depends upon proof of wrongdoing by the employee within the scope of employment.

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Definitions:

Premium on Bonds Payable

The amount by which the bond's issue price exceeds its face value, reflecting the cost of issuing debt at an interest rate lower than the market rate.

Discount on Bonds Payable

The difference between the par (or face) value of a bond and its lower issuing price, representing an additional cost of borrowing for the issuer.

Straight-Line Amortization

A method of evenly spreading the cost of an intangible asset over its useful life.

Discount at Issuance

The difference between the face value of a bond and its selling price when the bond is sold for less than its face value.