Question: 1 4 Ratification Multiple Choice Permits an agent to act without a principal's authority Allows a principal to accept the acts of an agent after

14
Ratification
Multiple Choice
Permits an agent to act without a principal's authority
Allows a principal to accept the acts of an agent after a contract has been negotiated which the agent lacked authority to create
Means that the agent and not the principal is responsible for the contract
Allows for the correction of an incorrect term of a contract
Mc
Prey
14 of 25
III
Next
14 Ratification Multiple Choice Permits an agent to act without a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related General Management Questions!

Q:

On January 1, 2024, Presidio Company acquired 100 percent of the outstanding common stock of Mason Company. To acquire these shares, Presidio issued to the owners of Mason $200,000 in long-term...

Q:

Ratification Multiple Choice Allows a principal to accept the acts of an agent after a contract has been negotiated which the agent lacked authority to create Permits an agent to act without a...

Q:

Generally, an employer is not liable for physical harm done to a third party by reason of the acts of an independent contractor. However, if that person is determined to be an employee, then he can...

Q:

Please be thorough and brief with your answers and no copy and paste sentences or paragraphs from other sources ( and please no copy and paste excerpts from other sources), please. Please simplify as...

Q:

An agency relationship arises when one person (the agent) acts for the benefit of and under the direction of another (the principal).A principal is bound on a contract entered into on his behalf by...

Q:

True or False ___4. Washington allows a lawsuit to be brought for wrongful discharge from (or termination of) employment, as an exception to the terminable at will employment doctrine, if there is...

Q:

21.When a person, by his words and conduct, allows a third party to believe that the particular person is his agent even when he is not, and the third party relies on it to the detriment of the third...

Q:

Chapter 1. Sample Assignment Instructions Find a sample document or article online related to a main topic in the chapter. In the Discussion Section, respond to two classmates and post the title &...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

BUSINESS LAW - BLAW150 - Winter 2017 Instructor: Frank Fischer ASSIGNMENT #2 - 1st Alternative DUE DATE: Friday April 21, 2017 11:59 pm I have decided to create two (2) alternative assignments for...

Q:

King Rat Pest Control, Incorporated was recently hired to exterminate an office complex for $ 300,000. King Rat will receive an additional $ 10,000 based on the success of the extermination. The...

Q:

Two new alternatives have come up for expanding Grandmothers Chicken Restaurant (see Solved Problem 2). They involve more automation in the kitchen and feature a special cooking process that retains...

Q:

14. Use the fi rst thirteen rules of inference to derive the conclusions of the following symbolized arguments. *(1) 1. (MP) (-N>Q) 2.-(MN) (2) 1. -S (3) 1. Jv (KL) 2. -K (4) 1. (NT) 2. T (5) 1. H-A...

Q:

1. Using your 2015/2016 Income Statement and Balance Sheet, add a column for percentage of total. Compute the percentages for each line item for the financial statements. For the 2015 Income...