Agency is a relationship by which the principal is authorized to act on behalf of an agent in negotiating and making contracts with third persons.
Correct Answer:
Verified
Q2: The intention to ratify an unauthorized act
Q5: The term apparent authority is used when
Q6: A "right to control" test determines whether
Q8: A principal may ratify an action taken
Q10: A special agent is authorized by the
Q13: When the principal ratifies the act of
Q14: A special agent is authorized by the
Q14: By virtue of an agency,one person can
Q17: For ratification to occur, the agent must
Q18: For a principal to ratify the actions
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