12. Ted is a traveling salesman On his way to visit a customer for Trimark Industries, metres a pedestrian with his car. Tumaki a Islable for Ted's actions of Ted is an employee 1. Islable for Ted actions even if Ted hit the pedestrian intentionally Islable for Ted actions of Ted is an independent contractor d. is not able for Teds actions under any circumstances 13. Jum introduces himself to Susie by stating: "My name is Jim and I work for Teledyne" Teledyne is a: a Partially disclosed principal b. Disclosed principal c. Undisclosed principal d. None of the above 14. ABC Corp. wants to combine with XYZ Company. The resulting company is known as Alphabet, Inc. What type of combination is this? a. Merger b. Acquisition c. Consolidation d. Share exchange 15. ABC Corp. wants to acquire XYZ Company and it makes a tender offer to purchase the stock of the XYZ shareholders. In response, ABC Corp. makes a tender offer to the XYZ shareholders. ABC's response can be characterized as a: a. Poison pill b. Greenmail c. Golden parachute d. Pac-man 16. Which of the following events would lead to the termination of any agency by operation of law? a. Mutual consent of the parties b. Loss or destruction of the subject matter of the agency c. Lapse of time d. None of the above 17. What is vicarious liability? a. Non-liability b. Liability for multiple torts c. Liability without knowledge d. Liability without fault