A Positive Statement Is One Which Is

question 159

Multiple Choice

A positive statement is one which is:

• A) derived by an abstract generalization.
• B) suggestive of what should be done.
• C) subjective and is based on a value judgment.
• D) objective and is based on facts.

Examine how employers can mitigate liability risks associated with the actions of their agents or employees.

Dive into specific cases of liability for negligence within the scope of an employee or agent's employment.

Explore the significance of written vs. verbal instructions in limiting the scope of authority in agency relationships.

Grasp the legal doctrines such as respondeat superior and how it allocates liability within employer-employee dynamics.

---

Definitions:

Utmost Good Faith

A duty to act in the best interests of another; such duty may arise between directors and officers and the corporation they serve, between business associates including senior employees and their employer, between agents and their principals, and between partners; also called fiduciary duty.

Common Law

A system of law based on precedent and customs, originating in England and used in countries that were once part of or influenced by the British Empire.

Limited Liability

A legal principle where an investor's financial liability is limited to a fixed sum, mostly the value of an individual's investment in a company or partnership.

Sole Proprietor

A business owned and operated by a single individual, without a legal distinction between the owner and the business.