What Is It Called When Both Principal and Agent Are

question 20

Multiple Choice

What is it called when both principal and agent are liable for an agent's torts?

• A)Shared liability
• B)Agency liability
• C)Joint and several liability
• D)Combined liability

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Definitions:

Capital Account

In macroeconomics and international finance, the part of the balance of payments which records all transactions made between entities in one country with entities in the rest of the world involving assets and liabilities.

Capital Accounts

Part of a nation's balance of payments that records all transactions involving the purchase and sale of assets.

Current Accounts

A component of a country’s balance of payments that includes the balance of trade, net primary income, and net earnings on foreign investments.

Balance Of Trade

The difference between the value of a country's exports and imports over a certain period, indicating a trade surplus or deficit.