A Principal May Be Liable for the Tort of an Agent

question 5

True/False

A principal may be liable for the tort of an agent committed within the scope of the agency or employment.

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Definitions:

Weekly Interest Rate

An interest rate quoted or applied on a weekly basis, often used in short-term loans or savings accounts to indicate the rate of interest over a week's period.

Marketable Securities

Financial instruments that can be quickly converted to cash at market value.

Monthly Standard Deviation

A statistical measure that quantifies the variability or volatility of returns over a monthly period.

Cash Limit

Typically refers to the maximum amount of cash or cash equivalent that a person or entity can withdraw or use under certain conditions.