Ratification must be explicitly expressed and may not be implied from the actions of the agent or the principal.
Correct Answer:
Verified
Q7: An attorney-in-fact:
A) is the label given to
Q9: An agent possesses the implied authority to
Q10: Agents cannot delegate to employees acts for
Q12: Many courts allow a third person to
Q13: If the agent exceeds his or her
Q14: Ratification does not give the principal full
Q15: Express authority:
A) is created when the principal
Q15: A person may have apparent authority even
Q16: When the agent colludes with a third
Q19: An agent can exercise his implied authority
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