Ratification may be inferred by a court from the:
A) principal's acceptance of benefits of an unauthorized contract.
B) agent's failure to repudiate an unauthorized contract after becoming aware of it.
C) third party's extent of knowledge about the contract.
D) principal's failure to give express authority to the agent.
Correct Answer:
Verified
Q17: Apparent authority is the true authority granted
Q18: One may become liable through ratification for
Q19: An agent can exercise his implied authority
Q20: Liability is imposed on an agent who
Q21: Ratification releases the:
A) principal from liability.
B) agent
Q23: Marissa, the CEO of Carmine Laboratories, appointed
Q24: Which of the following statements is true
Q25: When an agent takes an unauthorized action,
Q26: An agent will be relieved from liability
Q27: Which of the following is true about
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