A Principal Who Authorizes His Agent to Commit a Tortious

question 67

True/False

A principal who authorizes his agent to commit a tortious act with respect to the property or person of another is not liable for the injury or loss sustained by that person.

Understand the principles and legal issues involved in the final payment process in banking transactions.

Comprehend the warranties and liabilities of collecting banks in the transfer of commercial paper.

Learn the applicability of various laws and regulations, such as Article 4A and the Check Clearing for the 21st Century Act, to specific banking transactions.

Acknowledge the responsibilities of banks under different circumstances, including drawer’s incompetence and ATM failures.

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Definitions:

Segregated Housing

A practice where housing is divided along racial, ethnic, or economic lines, often resulting from both individual prejudices and institutional policies.

Real Estate Practices

Refers to the professional and ethical standards, procedures, and activities involved in the buying, selling, leasing, and managing of real estate properties.

Audit Studies

Research methods that use trained researchers to test compliance with legal or moral directives by presenting as customers, tenants, or job seekers.

Overt Racism

Explicit and openly displayed acts of racial prejudice and discrimination.