Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

D Question 6 6 pts ts Which of the following is a necessary accounting for ratification? (check all that apply) The agent must have purported

image text in transcribed
D Question 6 6 pts ts Which of the following is a necessary accounting for ratification? (check all that apply) The agent must have purported to act on behalf of or as an agent for the identified principal The third party benefiting from the ratification must give consideration for the ratification The principal must have been capable of authorizing the act both at the time of the act and at the time it was ratified. The principal must have full knowledge of all material facts. D Question 7 8 pts An agency relationship can be created by: (check all that apply) appointment conduct ratification compentency operation of law loyalty

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0697789938

Students also viewed these Accounting questions