Authority by ratification exists if the principal:
A) authorises the agent's act retrospectively.
B) denounces the agent's act.
C) authorises the agent's act in advance.
D) authorises the agent's act in writing.
Correct Answer:
Verified
Q38: The indemnity a principal ordinarily owes to
Q39: An agent must keep the funds of
Q40: An agent who does something that they
Q41: A mercantile agent is an agent who:
A)is
Q42: A del credere agent:
A)agrees to indemnify the
Q44: If an agent is appointed to engage
Q45: A is engaged as the personal assistant
Q46: An agent may have apparent authority to
Q47: Once a relationship of agency has been
Q48: A broker is:
A)an agent who is authorised
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