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

Question

Quizplus · Accepted Answer

The contract is valid because Mill Grains LLC ratified the contract, even though it was initially unauthorized. Ratification by the company makes the contract legally binding and enforceable.

Lev, an Agent for Mill Grains LLC, Executes an Unauthorized