Is a principal permitted to ratify any contract entered into by an agent? Explain.
Question:
Is a principal permitted to ratify any contract entered into by an “agent?” Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
No A principal may ratify a contract only if he does so ...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Canadian Business And The Law
ISBN: 9780176795085
7th Edition
Authors: Philip King Dorothy Duplessis, Shannon O Byrne
Question Posted:
Students also viewed these Social Science questions
-
Is a principal responsible for all contracts entered into by an agent? Explain.
-
A Native American tribe entered into a construction contract with C & L Enterprises ( C & L) to install a roof on a tribe- owned commercial building in Oklahoma. The property lies outside the tribes...
-
An agent embezzles funds from his principal and uses the funds to buy a car. What duties has the agent violated? Who is entitled to ownership of the car?
-
Requests are not usually uniformly distributed. For example, a cylinder containing the file system FAT or in odes can be expected to be accessed more frequently than a cylinder that only contains...
-
Find the mean and standard deviation for each of the following probability distributions. a. x P(x) 3.. .09 4.. .21 5.. .34 6.. .23 7.. .13 b. x P(x) 0.. .43 1.. .31 2.. .17 3.. .09
-
Propose the most likely mode of inheritance (autosomal dominant, autosomal recessive, or X-linked recessive) for the disease represented in the following pedigrees. Affected individuals are shown as...
-
Consider boiling of water under sea-level conditions in a copper vessel. Calculate and plot the heat flux vs. \(\Delta T\) diagram for water at three different pressures. Show the temperature at the...
-
Nail Glow, Inc., produces novelty nail polishes. Each bottle sells for $5.90. Variable unit costs are as follows: Acrylic base ......... $0.86 Bottle, packing material ...... $1.15 Pigments...
-
How to protect your ownership of the company you founded? Given the case of purchasing 9.2% stake of TWTR?
-
Redstone Mill is a manufacturer that makes all sales on 30-day credit terms. Annual sales are approximately $40 million. At the end of 2014, accounts receivable were presented in the company's...
-
What are the duties of the agent?
-
How is an agency by ratification created?
-
Give an example of a nontrivial homomorphism for the given groups, if an example exists. If no such homomorphism exists, explain why that is so. : Z x Z 2Z
-
Suppose you were asked by the founders of Nila LED, the subject of the You Be the VC 8.1 feature, to advise them on protecting their trade secrets. Assume the company operates out of a single...
-
Karen Jenkins has a good job working for the city of Rapid City, South Dakota, but is weary of 2 percent (or less) per year pay raises. Because she has read magazine articles about young...
-
Select one of the following large firms: Cessna Aircraft Company, Tempur-Pedic, or Corning Incorporated. Familiarize yourself with the company. Assess how entrepreneurial the firm is, based on the...
-
Imagine that youre the dean of your college and youve suggested that more entrepreneurship courses be taught throughout your colleges curriculum. Youre getting resistance from some professors who...
-
Its a sad yet heartwarming story. In 1998, Stephen Heywood, a strong 28-year-old carpenter who was building his dream house in California, got the worst possible news. He was diagnosed with...
-
A digital-to-analog converter uses a reference voltage of 120 V dc and has eight binary digit precision. In one of the sampling instants, the data contained in the binary register = 01010101. If a...
-
For the vector whose polar components are (Vr = 1, Vθ = 0), compute in polars all components of the second covariant derivative Vα;μ;ν. To find...
-
What are the elements that are necessary for an effective acceptance?
-
In what circumstances will an offer be irrevocable?
-
What rules guide the courts in interpreting contracts?
-
On December 31, 2023, Bramble Link Corporation received a four-year, 6%, $764,000 bank loan. The terms provide for payment of the bank loan with semi-annual instalment payments of $108,837 principal...
-
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit Sales Variable expenses Contribution margin Fixed expenses Net operating income...
-
Volata Company began operations on January 1, 2019. In the second quarter of 2020, it adopted the FIFO method of inventory valuation. In the past, it used the LIFO method. The company's interim...
Study smarter with the SolutionInn App