A(n) ____ is a principal's clear signal to be bound to the otherwise unauthorized agreement.

Question

Quizplus · Accepted Answer

Express ratification is a clear and explicit signal given by a principal to be bound to an unauthorized agreement. It is a formal way of ratifying an agreement and indicates that the principal was aware of the agreement and intended to be bound by it. Implied ratification, on the other hand, occurs when the principal's actions indicate that they have accepted the benefits of the agreement, even if they did not explicitly ratify it. Delayed ratification refers to ratification that occurs after the agreed-upon deadline or after the authorized representative has acted beyond their authority. Explicit and real ratification are not valid terms in this context.

A(n) ____ Is a Principal's Clear Signal to Be Bound