GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is the liability of individuals, corporations, or partnerships for accidents caused by people other than employees for whose acts or omissions the corporations or partnerships are responsibl
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Convertible
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Contingent Liability
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Contractual Liability
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Contingent Beneficiary
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Explanation:
Detailed explanation-1: -Vicarious liability exists outside of the employee/employer relationship, including in areas such as the medical field and business partnerships. On a much smaller scale, someone who owns a vehicle is vicariously liable for the actions of any individual whom they permit to operate their vehicle.
Detailed explanation-2: -(2) Liability of partners of each other’s tort; (3) Liability of the master for the tort of his servant. So Vicarious Liability deals with cases where one person is liable for the acts of others. In the field of Torts it is considered to be an exception to the general rule that a person is liable for his own acts only.
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