If an agent exceeds his or her scope of authority, a principal is bound on the contract only if he or she ratifies the contract.

Name: If an agent exceeds his or her scope of authority, a principal is bound on the contract only if he or she ratifies the contract.
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Question

Quizplus · Accepted Answer

This statement is true. If an agent acts outside of their scope of authority, the contract is not binding on the principal unless they choose to ratify it.

If an Agent Exceeds His or Her Scope of Authority