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An employer is responsible for all torts committed by his employee.
Market Rate
The prevailing price or interest rate available in the open market for goods, services, or securities.
Par Value
The nominal or face value of a bond, stock, or other financial instrument, established at the time of issuance.
Semiannually
Occurring twice a year, often referring to payments or interest calculations.
Cash Paid
The total amount of cash disbursed by a company for various purposes, such as operating expenses, purchasing assets, or debt repayment.
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