Len, an agent for Mind Games LLC, executes an unauthorized contract with NOW Marketing, Inc. The deal is highly advantageous to Mind, and the company ratifies the contract. The contract is

Question

Quizplus · Accepted Answer

When Mind Games LLC ratifies the unauthorized contract, it becomes valid and binding, as ratification means the company accepts and approves the contract despite the initial lack of authority.

Len, an Agent for Mind Games LLC, Executes an Unauthorized