For ratification to be effective, the:
A) agent cannot disclose the name of the principal.
B) principal must have been in existence at the time of the agent's action.
C) agent must have the capacity to complete the unauthorized act and ratify it.
D) necessity of the principal should not be served by subagents.
Correct Answer:
Verified
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
Q28: A principal's intent to ratify a contract:
A)
Q30: An agent can limit the liability for
Q31: Misrepresentations by an agent made with the
Q32: Liability is imposed on an agent who
Q33: A general agent:
A) has a limited range
Q34: A large and well-known corporation wants to
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