Multiple Choice
Ratification may be inferred by a court from the:
A) principal's acceptance of benefits of an unauthorized contract.
B) agent's failure to repudiate an unauthorized contract after becoming aware of it.
C) third party's extent of knowledge about the contract.
D) principal's failure to give express authority to the agent.
Correct Answer:

Verified
Correct Answer:
Verified
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Q27: Liability is imposed on an agent who
Q28: Under the theory of _ the principal
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Q30: Which of the following statements is true
Q32: An agent can exercise his implied authority
Q33: Ratification may occur with respect to either
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Q35: Apparent authority is the true authority granted
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