For ratification to be effective:
A) the principal cannot be disclosed to the third person.
B) the agent or purported agent must have acted on behalf of the principal.
C) the principal must have had capacity to do the act only at the time of ratification.
D) it is necessary that the principal fully understand the legal significance of all material facts.
Correct Answer:
Verified
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
Q28: Ratification may be inferred by a court:
A)from
Q29: A principal's intent to ratify a contract:
A)needs
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
Q34: Where an agent has taken an unauthorized
Q35: A person who is induced to enter
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