Asked by Kaitlyn Munger on May 14, 2024
Verified
Which of the following statements is true regarding Charlie's liability to Mark?
A) Charlie is not liable to Mark because he did not remember Mark's instructions.
B) Mark may recover the cost of the nine CDs because Charlie did not follow his instructions.
C) Charlie is not liable to Mark because he thought the purchase price of the CDs were exceptionally great.
D) Charlie is not liable to Mark because he is his employee.
E) Charlie is not liable to Mark because he believed Mark would have bought the CDs from the customer.
Liability
Legal responsibility for one's actions or omissions, which may result in the obligation to pay damages or perform specific actions.
Instructions
Directions or orders given by one party to another, especially in the context of executing a task or procedure.
Purchase Price
The amount of money paid to buy a product or service.
- Gain insight into the functions and responsibilities of principals and agents involved in an agency relationship.
Verified Answer
BR
Brian ReyesMay 20, 2024
Final Answer :
B
Explanation :
Charlie is liable to Mark because he failed to follow Mark's explicit instructions not to purchase any more CDs, leading to a financial loss for Mark.
Learning Objectives
- Gain insight into the functions and responsibilities of principals and agents involved in an agency relationship.
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