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Dolly Is a Businessperson Acting as an Agent for Elm

Question 55

Multiple Choice

Dolly is a businessperson acting as an agent for Elm Woods, Inc. In an ordinary business situation, Dolly


A) can contract on Elm's behalf without further authority or ratification.
B) cannot contract on Elm's behalf.
C) must obtain written authority to enter into a contract on Elm's behalf.
D) must obtain ratification of a contract entered into on Elm's behalf.

Correct Answer:

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