Which of the following is untrue about a corporation's ratification of an act of an officer?
A) It may be either express or implied from the corporation's acceptance of the contract's benefits.
B) The corporation must have full knowledge of the facts in order to ratify the act.
C) It relates back to the original transaction.
D) It applies to an authorized act of an officer.

Question

Quizplus · Accepted Answer

Ratification applies to unauthorized acts of an officer, not authorized ones. When a corporation ratifies, it is essentially approving an act that was initially done without proper authority.

Which of the Following Is Untrue About a Corporation's Ratification