Examlex
Which one of the following statements related to callable bonds is correct?
Actual Authority
The express or implied power given to an agent by the principal, allowing the agent to act on behalf of the principal.
Respondeat Superior
A legal doctrine holding employers liable for the actions of their employees performed within the course of their employment.
Liability
Being under a legal obligation, especially concerning financial debts or fulfilling certain duties.
Torts
Legal wrongs committed against a person or property, excluding breaches of contract and crimes, that lead to civil legal liability.
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