Ratification may be inferred by a court:
A) from the fact that the principal accepted the benefits of an unauthorized contract.
B) from the agent's failure to repudiate an unauthorized contract after becoming aware of it.
C) from the third party's extent of knowledge about the contract.
D) from the principal's failure to give express authority to the agent.
Correct Answer:
Verified
Q23: An agent can limit the liability for
Q24: General agents:
A)have a limited range of implied
Q25: A large and well-known corporation wants to
Q26: Which of the following statements is true
Q27: Jen is a buyer for Autumn's Iowa
Q29: A principal's intent to ratify a contract:
A)needs
Q30: For ratification to be effective:
A)the principal cannot
Q31: When Nancy's aunt left for her annual
Q32: An agent will be relieved from liability
Q33: The principal is bound by representations:
A)that are
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