Top Posters
Since Sunday
T
3
s
3
o
3
G
3
k
3
C
3
a
3
K
3
f
3
j
3
b
3
c
3
Home Q & A Board Humanities Legal Studies
New Topic  
vet10537 vet10537
wrote...
Go to Answer
Posts: 111
Rep: 0 0
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
Author:
Read 61 times
1 Reply
Replies
Answer verified by a subject expert
rachmccollrachmccoll
wrote...
#1
Posts: 80
Rep: 0 0
3 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

vet10537 Author
wrote...

3 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
paulinaibarra98
wrote...

Yesterday
Good timing, thanks!
Shuqin
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1101 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 336
  
 256
  
 4857
Your Opinion
What's your favorite coffee beverage?
Votes: 302
Previous poll results: What's your favorite math subject?