Elin,an agent for First Credit Corporation (FC),enters into an unau?thorized contract with Great Expectations,Inc.(GE),purportedly on FC's behalf.This contract will be enforceable if it is ratified by
A)any third party.
B)Elin.
C)FC.
D)GE.

Question

Quizplus · Accepted Answer

As Elin acted without authority, the contract is voidable by FC. However, if FC chooses to ratify the contract, it becomes binding on both parties. Therefore, the contract will only be enforceable if it is ratified by FC.

Elin,an Agent for First Credit Corporation (FC),enters into an Unau?thorized