True/False
Ratification occurs when a principal accepts responsibility for an agent's unauthorized act.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q32: Rupert,an agent for Star Productions,Inc.,enters into an
Q33: Vicarious liability is direct liability.
Q35: Jaclyn,an agent for Kilpatrick,enters into a contract
Q36: Emery is an agent for Downtown Market
Q37: Frida hires Gert,a real estate broker,to act
Q38: Homer is an officer of Integrity Corporation.With
Q39: Commercial Development Corporation (CDC)hires Delta Construction Company
Q40: Meals n' More,Inc.,a catering company,requires its customers
Q41: Fabulous Auto Sales,Inc.,employs GR8 Collection Company as
Q60: An agent has the implied authority to