Which of the following is not a condition necessary for ratification?
A) The agent must have purported to act on behalf of or as an agent for the identified principal.
B) The third party benefiting from the ratification must give consideration for the ratification.
C) The principal must have been capable of authorizing the act both at the time of the act and at the time it was ratified.
D) The principal must have full knowledge of all material facts.
Correct Answer:
Verified
Q42: An agent has implied _ authority to
Q45: An agent is under a duty to
Q45: Ann was seriously ill and feared that
Q46: John's son was not his agent but
Q47: Ames, an agent for Baker Antiques, had
Q49: If the principal revokes the agency:
A) the
Q50: A third person who deals with a
Q51: Barnes agrees with Morgan to enter into
Q51: The principal must:
A) perform the contract according
Q53: A durable power of attorney may be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents