Levon, an agent for Milled Grains LLC, executes an unauthorized contract with National Grocers Inc. The deal is highly advantageous to Milled Grains, and the company ratifies the contract. The contract is

Question

Quizplus · Accepted Answer

The contract is valid because it was later ratified by Milled Grains, meaning that they accepted and approved of the agreement made by Levon despite it being unauthorized at the time it was made.

Levon, an Agent for Milled Grains LLC, Executes an Unauthorized