A Principal Is Liable for Harm Caused to a Third

question 43

True/False

A principal is liable for harm caused to a third party by an agent who commits a tort while act?ing in the scope of his or her employment.

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Definitions:

Residual Value

The projected worth of a tangible asset upon reaching the conclusion of its operational lifespan.

Depreciation Expense

An accounting method used to allocate the cost of a tangible or physical asset over its useful life.

Straight-Line Method

A method of calculating depreciation of an asset evenly across its useful life, where the same amount is expensed each year.

Accumulated Depreciation

The cumulative total of depreciation charges applied to a fixed asset from the time of its acquisition.