An Agent Who Causes Harm to a Third Party May

question 53

Multiple Choice

An agent who causes harm to a third party may create legal liability owed by the principal to the third party. This liability is known as:

• A) product liability
• B) contractual liability
• C) principal liability
• D) professional liability
• E) vicarious liability

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Definitions:

Pizza

A popular Italian dish made of dough topped with tomatoes, cheese, and often various other ingredients, baked together.

Marginal Benefit

The additional satisfaction or utility received by consuming one more unit of a good or service.

Additional Slice

A term that can refer to an extra serving or portion of a good or product beyond what is normally consumed.

Marginal Benefits

The additional satisfaction or utility that a person gains from consuming an additional unit of a good or service.