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	<title>BusinessDictionary.com Term of the Day</title>
	<description>The latest term from BusinessDictionary.com, with over 20,000 business terms in all.</description>
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		<title>Term of the Day for Nov 07, 2009: Vicarious Liability</title>
		<description><![CDATA[Obligation that arises from the relationship of one party with another. For example, a principal is generally liable for the agent's acts performed in the course of the agent's duties assigned by the<a href='http://www.businessdictionary.com/definition/vicarious-liability.html' title='Read more'>...</a>]]></description>
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		<h3>Vicarious Liability</h3> 
<p><a href="http://www.businessdictionary.com/definition/obligation.html">Obligation</a> that arises from the <a href="http://www.businessdictionary.com/definition/relationship.html">relationship</a> of one <a href="http://www.businessdictionary.com/definition/party.html">party</a> with another. For example, a <a href="http://www.businessdictionary.com/definition/principal.html">principal</a> is generally <a href="http://www.businessdictionary.com/definition/liable.html">liable</a> for the <a href="http://www.businessdictionary.com/definition/agent.html">agent's</a> <a href="http://www.businessdictionary.com/definition/act.html">acts</a> performed in the course of the agent's <a href="http://www.businessdictionary.com/definition/duty.html">duties</a> assigned by the principal; and an <a href="http://www.businessdictionary.com/definition/employer.html">employer</a> for the action or inaction of an <a href="http://www.businessdictionary.com/definition/employee.html">employee</a> in the normal course of her or her <a href="http://www.businessdictionary.com/definition/employment.html">employment</a> or duties. Also called <a href="http://www.businessdictionary.com/definition/vicarious-responsibility.html">vicarious responsibility</a>.</p><hr>
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		<pubDate>Sat, 07 Nov 2009 01:37:28 -0600</pubDate>
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