Legal Principle: Vicarious liability is the liability of the master or principle for the tort committed by his servant or agent, provided the tort is committed in the course of employment. The master or principle is not liable for private wrongs of the servant/ agent.Factual Situation: X hands over some cash money at his house to Y, who is his (X's) neighbour and is also cashier in a bank, to be deposited in A's account in the bank. Instead of depositing the money, Y misappropriates it. Which of the following statements depicts correct legal position in this given situation? (CLAT 2014)

Each question consists of legal principle(s) (hereinafter referred to as 'principle') and facts. Such proposition may or may not be true in the real and legal sense, yet you have to conclusively assume them to be true for the purposes of this section. You have to apply the principles to the given facts to arrive at the most reasonable conclusion. Only one of the alternatives, i.e., (A), (B), (C), or (D) is the most reasonable conclusion. Remember: you must not rely on any principle except the principles that are given for every question.