Tara,an agent,enters into a contract on behalf of Sue to buy 100 pencils for $1 each and 100 pens for $2 each.Sue determines that Tara got a good price for pencils but made a poor deal on pens.Sue indicates she wishes to ratify only the agreement to buy pencils.Has Sue acted properly?
A) Yes,because Sue is free to ratify or not ratify any part of the contract.
B) Yes,but only if Tara had legal capacity at the time of contracting
C) No,because a principal must ratify an entire contract,not just the favorable parts.
D) No,unless Tara had express authority to bind Sara to both contract terms.
Correct Answer:
Verified
Q16: A principal can ratify an agent's unauthorized
Q17: An agent's implied authority is always considered
Q18: As a general rule,a principal is not
Q19: Exculpatory clauses that try to relieve a
Q20: Respondeat superior liability depends on whether the
Q22: Which of the following determines an agent's
Q23: Borg is the vice-president of purchasing for
Q24: The process by which a principal binds
Q25: Express authority is created by:
A)words.
B)actions.
C)past dealings.
D)body language.
Q26: Anna hired Juan to act as her
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