Question: What effect does it have on the relationship between principal and third party when an agent writes on an agreement subject to ratification?

What effect does it have on the relationship between principal and third party when an agent writes on an agreement “subject to ratification?”

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To conclude I can say that this is a qualificatio... 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

688-L-B-L-L-E (3671).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

Suppose it is decided that rent control in New York City will be abolished and that market rents will now prevail. Assume that all rental units are identical and so are offered at the same rent. To...

Q:

Why are newspapers losing circulation and what effect does it have on their advertising revenue?

Q:

A corporation reacquires 10,000 shares of its own $25 par common stock for $450,000, recording it at cost. (a) What effect does this transaction have on revenue or expense of the period? (b) What...

Q:

In the law of agency which ONE of the following statements CORRECTLY describes actual authority? A. A duty of care assumed by one party to another party. B. A legal relationship between principal and...

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:

Describe, in your own words, the difference between a principal and an agent. Describe, in your own words, the differences between the duties of a principal and an agent. Let's analyze this sequence...

Q:

Describe, in your own words, the difference between a principal and an agent. Describe, in your own words, the differences between the duties of a principal and an agent. Let's analyze this sequence...

Q:

Why is agency law especially important in the business and government context? What are the five types of agents? What distinguishes an employee from an independent contractor? Why do employers...

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:

1. Agency may generally be defined as: - arelationship between theofferorand theofferee. arelationship which exists between two legal persons; the principal and the agent. arelationship between the...

Q:

A firm has the choice of investing in one of two projects. Both projects last one year. Project 1 requires an investment of $11,000 and yields $11,000 with a probability of 0.5 and $13,000 with a...

Q:

If z is up, what are the conditions on constants a and b for which the velocity field u = ay, = bx, w = 0 is an exact solution to the continuity and Navier-Stokes equations for incompressible flow?

Q:

Concerning the seasonal behavior that has been documented in the returns on a momentum strategy, which of the following statements is correct? Question 1 2 options: A ) A momentum strategy tends to...

Q:

If you had to create a talent managementtype job profile for the average employee at Patagonia, what would the profile look like, in terms of its specific contents?

Q:

Go to Case 3.1, Cruz v. Fagor America, Inc. Read the excerpt and answer the following questions. (a) Issue: On what preliminary step to litigation does the issue in this case focus? (b) Rule of Law:...

Q:

Why does this statute raise equal protection issues instead of substantive due process concerns? A state legislature enacted a statute that required any motorcycle operator or passenger on the states...

Q:

What are the three levels of scrutiny that the courts use in determining whether a law violates the equal protection clause? A state legislature enacted a statute that required any motorcycle...

Q:

6. Currency put options The premium on a put option is primarily a function of the difference in spot price S relative to the strike price X, the time until maturity T, and the volatility of the...

Q:

Round to the nearest Cent. Acme Annuities recently offered an annuity that pays 4.2% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $145,000 in 8...

Q:

One year ago, your company purchased a machine used in manufacturing for $105,000. You have learned that a new machine is available that offers many advantages and that you can purchase it for...