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Vicarious Liability The liability of one party which by law becomes the liability of another, such as the liability of an employer for the acts of an employee.

Voidable Preference A payment made by an insolvent debtor which, by statute, is recoverable by the debtor's estate because it was either made within a particular fixed period of time prior to commencement of insolvency proceedings or it was in payment of a noncontemporaneous debt, and had the effect of giving the particular creditor who received it more than that creditor's pro rata share of the debtor's assets.

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