Ratification may be inferred by a court:
A) from the principal's acceptance of benefits of an unauthorized contract.
B) from the agent's failure to repudiate an unauthorized contract after becoming aware of it.
C) from the third party's extent of knowledge about the contract.
D) from the principal's failure to give express authority to the agent.
Correct Answer:
Verified
Q21: For ratification to be effective:
A) the agent
Q22: When an agent takes an unauthorized action:
A)
Q24: Misrepresentations by an agent made with the
Q24: Which of the following statements is true
Q27: Which of the following is true about
Q28: A principal's intent to ratify a contract:
A)
Q29: Ratification releases:
A) the principal from liability.
B) the
Q34: A large and well-known corporation wants to
Q37: Apparent authority may exist:
A) only if actual
Q40: Which of the following statements is true
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