Multiple Choice
Which of the following is not a necessary condition for ratification?
A) The agent must have purported to act on behalf of or as an agent for the identified principal.
B) The third party benefiting from the ratification must give consideration for the ratification.
C) The principal must have been capable of authorizing the act both at the time of the act and at the time it was ratified.
D) The principal must have full knowledge of all material facts.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: A person who has knowledge of a
Q3: A durable power of attorney may be
Q4: The principal has a duty to perform
Q5: A person has apparent authority as an
Q6: It is the duty of an agent
Q7: Ames, an agent for Baker Antiques, had
Q8: The scope of an agent's authority is
Q9: The term apparent authority is used when
Q10: The intention to ratify an unauthorized act
Q11: An agency may arise by appointment, conduct,