Contingent Liability (vicarious Liability)

Definition of "Contingent liability (vicarious liability)"

Celeste Araujo real estate agent
Celeste Araujo, Real Estate Agent RE/MAX First Choice Realty

Liability incurred by a business for acts other than those of its own employees. This particular situation may arise when an independent contractor is hired. The business can be held liable for negligent acts of the contractor to the extent that its representatives give directions or exercise control over the contractor's employees.

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