Solved

Fact Pattern 39-1A (Questions A3-A4 Apply)

Question 19

Multiple Choice

Fact Pattern 39-1A (Questions A3-A4 apply)
Mountaintop Clearview Corporation authorizes Niles,its employee,to oversee its timber operation.In the course of his employment,Niles disposes of the operation's waste illegally.Orson is a Mountaintop shareholder.
-Refer to Fact Pattern 39-1A.Liability for Niles's act most likely rests with Orson to


A) no extent.
B) the proportionate extent of the number of shares Orson owns.
C) the amount of Orson's investment in the firm.
D) the full extent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions