Question: Agency through ratification is formed under what circumstance? Explain.

Agency through ratification is formed under what circumstance? Explain.

Step by Step Solution

★★★★★

3.37 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Agency by ratification is an agency relationship in which an unauthorized agent commits the ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1246-L-B-L-L-E(4820).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

Under what circumstance would you replace an old machine that is still operating with a new one?

Q:

Under what circumstance might goodwill be allocated to a new partner entering a partnership?

Q:

Under what circumstance might an auditor decide not to confirm a bank account?

Q:

1 5 - 6 Agency through ratification is formed under what circumstance? Explain.

Q:

Chapter 13 Food Legislation INTRODUCTION 5 This chapter provides an understanding of some of the requirements that hotels, restaurants and food outlets must comply with when serving, handling,...

Q:

ST (BUSINESS | X G Faz Interior Design Sdn, Bhd. is a x + FAIpOLSdDpQg54Vs-p/VDnpzRVOTQ0507gtOAdv6vn7feFUvhUvdXhA/formResponse QUESTION 1-20 Which of the following statements is NOT TRUE regarding a...

Q:

An agent is a person who, having been granted and assumed some degree of power to do so, acts in the name of and on behalf of another. The bulk of coordinated human activity is carried out through...

Q:

3.A familiar example of an agent is a(n): a. janitorial employee who does not deal with third parties. b. gardener hired to maintain the grounds at a large industrial complex. c. corporate officer...

Q:

Please respond to this Asap. 237495 Leigh works as a general contractor constructing new homes. Leigh hires Mark, who is an employee of Pella Windows to install 35 doors and windows in a new home he...

Q:

Although employees and individual shareholders have no personal liability for corporate debts, it is important to remember that individuals are always liable for their own negligence.An entrepreneur...

Q:

Explain why the fixed asset account may or may not vary with sales.

Q:

Determine a suitable function f(x) and interval (a,b) to find -43 using Bisection Method with 6 steps. f(x)=...... a= b= Note: Use the table below to calculate the intervals and midpoints of...

Q:

Last year, they sold 8 , 0 0 0 of the original necklace and 2 , 0 0 0 of the interchangeable version. The original necklace now sells for $ 7 0 . 0 0 each has a variable cost of $ 5 0 . 0 0 per...

Q:

What makes the farm business different from others.

Q:

Evaluate this statement: Current antidiscrimination statutes require employers to hire people who are unqualified for their jobs.

Q:

You will soon be a businessperson and may be responsible for hiring, promoting, and firing people.When you do hold this position, you will need to be aware of federal and state laws that prohibit...

Q:

Currently, one of the biggest issues surrounding discrimination is whether sexual orientation should be a protected characteristic, along with age, race, color, gender, national origin, religion, and...

Q:

o. to points) Given a line segment of unit length, show that you can construct with straightedge and compass a segment of length Vn for any natural number n. Hint: How would you draw a line of length...

Q:

Zholtan is a civil engineer. He is alarmed by a report that a bridge in a nearby town recently collapsed. This is an unusual event, but he knows that it is far from impossible; nationwide statistics...

Q:

You are evaluating a project for your company. You estimate the sales price to be $500 per unit and sales volume to be 2,000 units in year 1; 3,000 units in year 2; and 1,500 units in year 3. The...