For an agent's implied authority to be effective,aprincipal must ratify it.

Question

Quizplus · Accepted Answer

Implied authority is authority that is not expressly granted by the principal to the agent but is necessary to carry out the express authority given or is customary in the industry. It does not require ratification from the principal to be effective. However, if the agent's actions go beyond the scope of the implied authority, the principal may choose to ratify or not ratify those actions.

For an Agent's Implied Authority to Be Effective,aprincipal Must Ratify