Multiple Choice
A principal's intent to ratify a contract:
A) needs to be expressed explicitly.
B) may not be implied by his acts or failure to act.
C) may be inferred by a court from the fact that the principal accepted the benefits of an unauthorized contract.
D) may be inferred from the principal's repudiation of an unauthorized contract after becoming aware of it.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Jen is a buyer for Autumn's Iowa
Q5: Express authority:<br>A)is created when the principal specifically
Q6: For ratification to be effective:<br>A)the principal cannot
Q8: An attorney-in-fact:<br>A)is the label given to an
Q10: Ratification must be expressed and may not
Q11: Generally,notice to the agent is notice to
Q12: When an agent commits a tort or
Q13: An agent does not possess the implied
Q14: Which of the following statements is true
Q42: An agent's exercise of apparent authority,in the