A Principal Is Liable for the Torts of an Agent

question 69

Multiple Choice

A principal is liable for the torts of an agent committed while the agent is:

• A)within the scope of employment.
• B)on a frolic.
• C)on vacation.
• D)None of the above

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Definitions:

Differentiated Products

Goods or services that are distinguished from similar offerings by unique characteristics, brand, quality, or features.

Buyer Power

The influence that purchasers have over sellers in determining product pricing, quality, and terms of sale.

Value Capture

The process of retaining a portion of the value provided in every transaction, often seen in business and economic models.

Large Purchases

Transactions involving the acquisition of a substantial volume of goods or services, often resulting in economies of scale or bulk discounts.