Multiple Choice
When an agent takes an unauthorized action, the:
A) action cannot be ratified by the principal.
B) principal can transfer liability to the agent while enjoying the benefits of the action.
C) principal may not ratify only a portion of the action.
D) action may be ratified provided that the principal is a corporation.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: Ratification may be inferred by a court
Q32: An agent can exercise his implied authority
Q33: Ratification may occur with respect to either
Q34: David signs a contract to purchase Orrin's
Q35: Apparent authority is the true authority granted
Q37: Ralph and Aisha engaged Emma, a realtor,
Q38: Ratification releases the:<br>A) principal from liability.<br>B) agent
Q39: Which of the following statements is true
Q40: If an agent acts for a corporation
Q41: Explain the concept of apparent authority.