Answer:
The employer will be held liable.
Explanation:
If the external agent brings harm or injury to a third party in the course of an employment, the employer is held liable. When a principal directs an agent to commit for a tort or if the principal is aware of the consequences of carrying the instructions of the agent could cause harm or injure the person, then the principal is liable.
It is called direct liability.
The liability for the intentional tort which is imputed to the principal when the agent acts to further the business of the principal.
The agent is personally liable under the following circumstances :
- Foreign principal
- Agent signs the contract in his own name
- Non-existent principal
- Principal cannot be sued:
- Undisclosed principal
Example :
A credit card company hires a sales person and offers a company van to make sales in that area. The sales person uses the office van to official purposes. But one night, he drove the car to a friend's party and while coming he drove over a pedestrian. In this case, the owner of the company will not be held liable as the sales person uses the company van for his personal use while going out for party with his friends. While causing the accident, the sales person was not not using the office van for official purposes and was not tendering official duties at that time.
Answer:
the times was interest earned in Year 3 is 11.2 times
Explanation:
The computation of the times interest earned ratio is given below:
The times interest earned ratio is
= (Net income+ Income tax expense+ Interest expense) ÷ Interest expense
= ($25,500 + $25,500 + $5,000) ÷ $5,000
= 11.2 times
Hence, the times was interest earned in Year 3 is 11.2 times
The same is to be relevant
Answer:
Worth of scholarship today = $1,000,000
Explanation:
<em>The value of the scholarship can be determined using the present value of a growing perpetuity. A growing perpetuity is an indefinite annual payment that increases by a constant percentage.</em>
<em>The applicable formula is given below;</em>
<em>PV = A/r-g</em>
A-annual payment one year from now - 35,000
r- interest discount rate - 9.,
g- growth rate - 5.5
The value of the gifts today
= 35,000/(0.09-0.055)
= $1,000,000
<u>Answer:</u>
<em>Mixed economics places some limits on the safety of society.
</em>
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<u>Explanation:</u>
As the name infers, a mixed economy is a type of framework where all exercises underway, just as those performed by private and government substances, mix free enterprise with different sorts of regulations. Both the general population and individual parts can work similarly, which implies that financial advancement will be speedier.
This is particularly evident, thinking that financial assets will be used effectively. Additionally, the consumption of assets will be backed off. What's more, the legislature would likewise attempt to build up every division of the population.
