FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

Vicarious performance is where

a. a third party performs an obligation in place of another person who is ultmately liable for a proper performance

b. an employee performs an obligation inplace of another employee and the performing employee is liable for proper performance

c. parties to a contract enter into another agreement that has the effect of transferring the liability to perform to a third party

d. an employer performs an obligation in place of its employee and is liable for proper performance

e. parties to a contract agree to terminate a contract and substitute a new contract in place of the old one.

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