You post a notice at school that you will sell your laptop computer for $600. A buyer comes by your room to look at it while you are gone and your roommate sells it for $500, thinking you would be happy with that price, which you did not authorize.
A) you must accept the deal because your roommate had implied authority
B) you must accept the deal because people living together have power of attorney
C) the deal cannot be valid because there was no consent
D) you can accept the deal by express ratification only
E) none of the other choices
Correct Answer:
Verified
Q181: _ takes place when the principal behaves
Q182: Ratification of an agreement that is required
Q183: _ is when an agency is created
Q184: To ratify an agreement a principal must
Q185: Clark, a movie producer, was allowed to
Q187: _ takes place when the principal behaves
Q188: Ratification of an agreement that is required
Q189: Express ratification creating an agency by the
Q190: When a principal accepts the consequences of
Q191: _ is when an agency is created
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