Which of the Following Is True of Parties Charged with Vicarious

question 78

Multiple Choice

Which of the following 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:

Legal Entity

A legally recognized organization or individual that has rights, responsibilities, and can enter into contracts.

Owners

Individuals or entities that possess legal rights and claims to the assets of a business.

Monthly Salary Allowance

A fixed amount of money or compensations given on a monthly basis, often excluding any bonuses or additional pay.

Net Income

The total profit of a company after subtracting all expenses from revenues, also known as the bottom line.