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vet10537 vet10537
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3 years ago
Mr. Snarey devised and conducted a fraudulent scheme while working as an agent of Mutual Life. What would the likely result be?

▸ Only the agent was liable, because the action taken was dishonest and therefore outside the scope of the agency relationship.

▸ Since Snarey was an agent with authority to enter into this general type of transaction, the company was vicariously liable for his conduct.

▸ The doctrine of caveat emptor was applied.

▸ The company could be liable only if it were shown Snarey was an employee acting under the direction of a superior.

▸ Neither the agent nor the company could be liable, because Snarey was only an agent, and the company had no actual knowledge.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
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rachmccollrachmccoll
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vet10537 Author
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Smart ... Thanks!
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