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.

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, The