Question

Patanjali Limited' is a popular health management company offering a wide variety of health care products to the customers. Two years back, the company started a series of online fitness classes and this segment of business has been a big hit right from its inception. It has helped the company to make huge profits. By taking into consideration, the request from many of its regular clients, the company has now decided to start fitness centers at five strategic locations within the country. The management of the company has decided to use the portion of their undistributed earnings to finance the new business ventures. (a)Identify and explain the source of business finance that the company intends to use for financing its expansion plans. (b) State any two merits and two limitations of this source.

Answer 1

Answer:

Correct option is A)

Vicarious liability can be defined as a legal doctrine that assigns liability for an injury to a person who did not cause the injury who has a particular relationship to the person who did act negligently. It can also be called as imputed negligence. This doctrine arises under the common law doctrine of agency, respondeat superior, the responsibility of the superior for the acts of their subordinate or, in a broader sense, the responsibility of any third party that had the "right, ability or duty to control" the activities of a violator. Hence, in the above situation, the company will be liable.

Was this answer helpful?

Explanation:

Please make me a brainliest answer