In your own words, please differentiate between direct liability and vicarious l

In your own words, please differentiate between direct liability and vicarious liability of the principal. Why is this concept important in the business community? Please use numerous examples to illustrate your points.
Please watch and use this youtube video link below as one of the sources titled Business Law: The Principal Agent Relationship

Read Chapter 14 and use it as one of the sources link below
https://saylordotorg.github.io/text_foundations-of-business-law-and-the-legal-environment/s17-relationships-between-principa.html
Read Chapter 15 and use it as one of the sources link below
https://saylordotorg.github.io/text_foundations-of-business-law-and-the-legal-environment/s18-liability-of-principal-and-age.html
Essay should be at least two-pages long (doubled-spaced, 12-point font, 1-inch margins). Please write your essay using a formal writing structure. Essay will be graded on content, editing, grammar, and structure. Essay should have an introduction paragraph, body paragraph(s), and a conclusion. Please write the essay using your own thoughts and analysis. Avoid using long quotations from other sources. Essay should have 4-5 sources. Please use the 3 sources linked above as 3 of the sources (Youtube video, Chapter 14, and Chapter 15).
Please review the “Basic Essay Format” document for some quick tips on formatting your essay. Please come up with an creative title for the essay.