Which of the Following Statements Is True for the Principle

question 30

Multiple Choice

Which of the following statements is true for the principle of respondeat superior?

• A) When an agent commits a tort or crime while working for the principal, the agent is always personally liable for the consequences of his actions.
• B) A principal's liability under respondeat superior is called direct liability.
• C) If the agent was acting within the scope of the agency when the tort occurred, he is liable for his own actions.
• D) This theory of liability makes the principal responsible without regard to whether the principal was actually at fault.

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Definitions:

Coupon Rate

The annual interest rate paid by a bond issuer to its bondholders, expressed as a percentage of the bond's face value.

Yield To Maturity

The total return expected on a bond if held until its maturity date, including all remaining coupon payments and principal repayment.

Remaining Maturity

The amount of time left until a financial instrument, such as a bond, reaches its maturity date and the principal is due to be repaid.

Coupon Rate

The annual interest rate payable on a bond's face value by its issuer, representing the yield paid to bondholders.