Which of the following is untrue about a corporation's ratification of an act of an officer?
A) It applies to an authorized act of an officer.
B) It relates back to the original transaction.
C) It may be either express or implied from the corporation's acceptance of the contract's benefits.
D) The corporation must have full knowledge of the facts in order to ratify the act.

Question

Quizplus · Accepted Answer

Ratification typically applies to unauthorized acts of an officer, not authorized ones. When a corporation ratifies, it approves an action that was initially taken without proper authority.

Which of the Following Is Untrue About a Corporation's Ratification