Question: 3. Explain how an agency relationship can be created by ratification and why the result may seem unfair.

3. Explain how an agency relationship can be created by ratification and why the result may seem unfair.

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:

Consider a spatially nonuniform magnetostatic field expressed in terms of a Cartesian coordinate system by where B 0 and are positive constants, |x| 1 and |z| 1. (a) Show that this magnetic field...

Q:

2 When can a customer list of an employer rise to the level of a legally protected trade secret? QUESTION 20 Bill makes an offer to Ann. If Bill dies before Ann can reply, the offer remains open....

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:

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:

no need explanation just correct answer as soon as possible please My Sprott Shaw - Sprott Sh. x Tn Chapter 6 Study Questions X Homework Help - Q&A from X Homework Help - Q&A from x Homework Help -...

Q:

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

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:

BA 3301 - Final Exam Review - Associate Professor Lee Usnick, JD (Clarkson text, 13th editio) Please refer to your already completed Key Concepts as most of the following are repeated from the...

Q:

Explain the nature of the contract of sale Explain the price List the formalities of a written contract List and explain the types of sales Explain the passing of ownership Explain the passing of...

Q:

USA law There are various ways that the agency relationship can be created. Explain the following: agency by agreement agency by ratification agency by estoppel agency by operation of law Do some...

Q:

Part 1 There are various ways that the agency relationship can be created. Explain the following: agency by agreement agency by ratification agency by estoppel agency by operation of law Part 2 Do...

Q:

During the project audit, a tremendous amount of time can be wasted if a systematic method of information handling is not adopted. Briefly explain how this systematic method may be developed.

Q:

Find the arc length function for the curve y = 2x3/2 with starting point P0 (1, 2).

Q:

The Securities Exchange Act of 1 9 3 4 : Group of answer choices established a voluntary disclosure mechanism for issuers of publicly traded securities . primarily relates to initial sales of...

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...