A principal's intent to ratify a contract:
A) can only be inferred by the agent's actions.
B) may not be implied by his acts or failure to act.
C) may be inferred by a court from the fact that the agent accepted the benefits of an unauthorized contract.
D) may be inferred from the principal's failure to repudiate an unauthorized contract after becoming aware of it.
Correct Answer:
Verified
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
Q29: For ratification to be effective, the:
A) agent
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
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