Question: Artempts left: 1 What does agency by ratification require? Choose 2 answer cholces. The principal must have the lepal capicity to contract. The principal must

Artempts left: 1 What does agency by ratification require? Choose 2 answer cholces. The principal must have the lepal capicity to contract. The principal must have hired the agent tefore the contract was signed. The principal affirms the doents entie act, not ust a portion. The agent must have followed ai of the principa's rules in nexptiasing and signing the contract. Is a principal liable for the tortious actions of the principal's agent? No, unless the principal authorized the tortious conduct. No, only the agent is liable for the agent's torts. Yes, but only if the principal authorized the tortious conduct. Yes, but the agent must reimburse the principol

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 Accounting Questions!

What does the ratification of an agency relationship include? The principal led a third party to believe someone was an agent. The law creates an agency relationship in the case of an emergency....

Help! What does the ratification of an agency relationship include? The principal led a third party to believe someone was an agent. There is an agreement between the principal and the agent. A party...

What does agency by ratification require? Choose 2 answer choices. A. The principal must have hired the agent before the contract was signed. B. The principal must have the legal capacity to...

What does agency by ratification require? Choose 2 answer choices. What does agency by ratification require? Choose 2 answer choices. The principal must have the legal capacity to contract. The agent...

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...

Instructions: Read the fact summary and answer the questions at the bottom of the page in a separate document. Each answer should be 5-7 sentences, typed, single-spaced, 12-point font, 1\"margins....

Resolving agency issues in client-contractor relationships Resolving agency issues in client-contractor relationships Resolving agency issues in client-contractor relationships A FACELIFT FOR A...

CASE STUDY Resolving agency issues in client-contractor relationships: The Merck Innovation Center Christine Unterhitzenberger, Lancaster University and Dietmar Mller, Merck KGaA ABSTRACT The...

Reflection Paper for this What have you learned in TITLE II. - CONTRACTS ? ESSENTIAL REQUISITES OF CONTRACTS ? Consent ? Capacity to Give Consent & Vices of ? Consent ? Object of Contracts ? Cause of...

1. Why would the caveators argue that the entire will should be revoked? How would the wills revocation benefit them? 2. What could the testator have done differently to clarify her intentions in her...

Dr. Marvin wrote a book called "Baby Steps" that was published by Touchy Feely Book Co. The parties met in New York to sign the contract. The contract stipulated the parties would use the law of New...

An investor has $ 1 0 0 , 0 0 0 and can invest in any combination of two types of bonds, ones that is safe and pays 3 % annually, and one that carries risk and pays 9 % annually. The investor wants...

Any negligence of the part of the plaintiff is a complete bar to recovery in: Group of answer choices a comparative negligence state a contributory negligence state a concurrent negligence state a...

(Appendices) INCOME EFFECTS OF UNCOLLECTIBLE ACCOUNTS. The credit manager and the accountant for Goldsmith Company are attempting to assess the effect on net income of writing off $100,000 of...

(Appendices) ERRORS IN ENDING INVENTORY. From time to time, business newspapers report that the management of a company has misstated its profits by knowingly establishing an incorrect amount for its...

(Appendices) AVERAGE UNCOLLECTIBLE ACCOUNT LOSSES AND UNCOLLECTIBLE ACCOUNT EXPENSE. The accountant for Porile Company prepared the following data for sales and uncollectible account losses: LO8...