Which of the Following Statements Is True of Parties Charged

question 57

Multiple Choice

Which of the following statements is true of parties charged with vicarious liability?

• A)They are held responsible for the actions of their subordinates.
• B)They are seldom in supervisory or managerial roles.
• C)They only comprise the individuals directly responsible for the damage.
• D)They only comprise individuals who were the recipients of the damage.

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Definitions:

Contractual Duty

An obligation imposed by a contract that requires a party to act or refrain from acting in a certain manner.

Novation

The act of replacing an obligation to perform with a new obligation or replacing a party to an agreement with a new party.

Discharging Contract

Discharging a contract refers to the process by which parties are released from their obligations under the contract, for reasons such as fulfillment of the contract terms, mutual agreement, or impossibility of performance.

Third Party

An entity that is not directly involved in a transaction or agreement but may be affected by it or have an interest in it.