A contract entered into by an agent cannot be ratified inadvertently by the principal.
Correct Answer:
Verified
Q106: A person owing a fiduciary duty must
Q107: Apparent authority is the authority the agent
Q108: Ratification of a contract can take place
Q109: An agent owes a fiduciary duty to
Q110: One advantage of sole proprietorships is that
Q112: Full disclosure refers to an obligation to
Q113: If an agency agreement lacks consideration, any
Q114: The ratification of a contract by the
Q115: The biggest issue for a sole proprietor
Q116: As a general rule, sole proprietors are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents