A Principal Is Liable for Crimes of an Agent

question 23

Multiple Choice

A principal is liable for crimes of an agent:

• A) if committed at the principal's direction.
• B) if the agent is an employee and sells liquor to a minor without permission.
• C) if the agent in the course of employment violates environmental protection laws.
• D) all of the above.

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Definitions:

Holding Period

The length of time an investment is held by an investor before being sold.

Riskless Arbitrage

A financial strategy that aims to profit from discrepancies in the price of identical or similar financial instruments on different markets or in different forms without risk.

Spot Oil Prices

The current market price at which oil can be bought or sold for immediate delivery.

Risk-Free Rate

The theoretical rate of return of an investment with zero risk, often represented by the yield on government securities.