When an agent takes an unauthorized action:
A) the action cannot be ratified by the principal.
B) the principal can transfer liability to the agent while enjoying the benefits of the action.
C) the principal may not ratify only a portion of the action.
D) the action may be ratified provided that the principal is a corporation.

Question

Quizplus · Accepted Answer

There can be no ratification of an act done in the name of a corporation that was not in existence when the act was done. Only the entire act of the agent can be ratified; the principal may not ratify what is beneficial and deny what is burdensome.

When an Agent Takes an Unauthorized Action