Which of the following is the true statement?

Question

Quizplus · Accepted Answer

Ratification applies to previously unauthorized acts, meaning that the principal can choose to approve and accept acts that were initially unauthorized by the agent.

Option B is incorrect because actual authority can be created through custom or past dealings, as long as it is clear that the principal has given the agent authority in that particular situation.

Option C is incorrect because apparent authority is based on what the principal communicates to the third party through the agent, not the other way around.

Option D is incorrect because actual authority can be expressed verbally or through conduct and does not always require written documentation.

Which of the Following Is the True Statement