Multiple Choice
Without express or implied authority, Xi contracts on behalf of Yan to purchase a certain building from Zhu. Yan and Zhu are not bound in contract unless Yan
A) ratifies the contract before Zhu withdraws from the deal.
B) affirms any part of the contract.
C) views the contract as an unaccepted offer, awaiting Zhu's acceptance.
D) refuses to accept responsibility for the unauthorized contract.
Correct Answer:
Verified
Correct Answer:
Verified
Q68: If a principal's instructions are not clearly
Q69: Nora works at Oil & Gas Inc.
Q70: Corinne discloses that she is acting as
Q71: Bristol is an officer of Commerce Company.
Q72: Agency relationships come about by voluntary consent
Q74: Power Company employs Qin to negotiate the
Q75: An agent has the discretion whether to
Q76: An executive corporate officer can normally conduct
Q77: If an agent contracts outside the scope
Q78: Authority to manage a business implies authority