Multiple Choice
Which of the following is not true about a corporation's ratification of an officer's act?
A) It applies to an authorized act of an officer.
B) It relates back to the original transaction.
C) It may be either express or implied from the corporation's acceptance of contractual benefits.
D) The corporation must have full knowledge of the facts in order to ratify the act.
Correct Answer:
Verified
Correct Answer:
Verified
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