For a Principal to Be Directly Liable in a Tort

question 94

Multiple Choice

For a principal to be directly liable in a Tort case,which individual must be at fault for the injury to the victim?

• A)The principal
• B)The agent
• C)The subagent
• D)The incorporator

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Definitions:

Conversion Ratio

A specific number of shares a bondholder can receive for each bond if they choose to convert it into stock.

Market Value

The present cost at which a service or asset is available for purchase or sale in the market.

Bond Exchange

The process of trading bonds in the financial markets or swapping one bond for another to achieve better investment goals.

Carrying Cost

The total cost associated with holding inventory, including storage, insurance, taxes, depreciation, and opportunity costs, among others.