Final answer:
Vicarious liability is the liability that a supervisory party bears for the actionable conduct of a subordinate or associate based on the relationship between the two parties.
Step-by-step explanation:
Vicarious liability is the term used to describe the liability that a supervisory party, such as an employer, bears for the actionable conduct of a subordinate or associate, like an employee, based on the relationship between the two parties. It refers to the legal responsibility that the employer has for the actions or omissions of their employees while they are performing their job duties.
For example, if an employee engages in wrongful conduct or causes harm to someone while carrying out their job responsibilities, the employer may be held vicariously liable for the employee's actions.