Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is TRUE of ratification of an agents act by the principal? Group of answer choices It can occur only prior to

Which of the following is TRUE of ratification of an agents act by the principal?

Group of answer choices

It can occur only prior to the actions of the agent.

It is a voluntary act by the principal.

It discharges the principal of liability for agents actions.

It requires the usual consideration of contract law.

It must be made in writing to be effective.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Cost Of Capital Applications And Examples

Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey

5th Edition

1118555805, 9781118555804

More Books

Students also viewed these Finance questions