Ratification is a process whereby a principal binds himself to an unauthorized act done by an agent,or by a person purporting to act as an agent.
Correct Answer:
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Q1: A principal is liable on a contract
Q2: Estoppel is the concept that a principal
Q3: It is always necessary for an agent
Q5: An agent who has total control over
Q6: The principal's ratification of a contract can
Q7: A principal is liable for the misrepresentations
Q8: Direct liability is also known as respondeat
Q9: Express authority is usually created by detailed
Q10: Apparent authority protects third parties who reasonably
Q11: Respondeat superior makes a principal liable for
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