menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law Study Set 2
  4. Exam
    Exam 32: Liability to Third Parties and Termination
  5. Question
    If a Principal Does Not Ratify an Authorized Contract, the Prin?cipal
Solved

If a Principal Does Not Ratify an Authorized Contract, the Prin?cipal

Question 16

Question 16

True/False

If a principal does not ratify an authorized contract, the prin?cipal is not bound.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Brenda is a purchasing agent for Commodities

Q9: Picabo drives a truck as an employee

Q15: Before a principal can ratify a contract,

Q16: Elin,an agent for First Credit Corporation (FC),enters

Q17: A power of attorney is a written

Q17: Geoff serves in a representative capacity for

Q18: Security Armored Car Corporation employs Theo as

Q19: An agent's authority must be implied for

Q22: Clive is a purchasing agent for Double

Q34: Oberon is a salesperson for Precision Instruments,Inc.He

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines