What is the effect when a principal ratifies a contract made on its behalf by an agent
Question:
What is the effect when a principal ratifies a contract made on its behalf by an agent who lacked the authority to enter into the contract?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
If a principal ratifies a contract made by an agent who lacked the authority to do so it can have a ...View the full answer
Answered By
Dinesh F
I have over 3 years of professional experience as an assignment tutor, and 1 year as a tutor trainee.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
The Law And Business Administration In Canada
ISBN: 9780133251678
14th Edition
Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill
Question Posted:
Students also viewed these Social Science questions
-
View the video in this weeks lecture on agency and then discuss the following questions. Who is the principal in this situation? Who is the agent in this situation? Is the agency express or implied?...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
1. Franklyn, a clerical employee of Woodbury Manufacturing Company, told Buron that he was an agent of the company and made a contract on behalf of Woodbury. Later Woodbury repudiated the contract...
-
When is inflation an important issue in conducting case analysis? Why bother?
-
As reported on MLB.com, the five players with the highest runs batted in (RBI) during the 2012 Major League Baseball season are listed in the following table. Also included are the teams for which...
-
Budgeting material purchases. (10 minutes) Tiilikainen, Oy, has prepared a sales budget of 42,000 finished units for a 3-month period. The company has a stock of 22,000 units of finished goods on...
-
Identify techniques for improving work habits and time management. LO.1
-
Nathan Detroit owns 400 shares of the food company General Mills, Inc., which he purchased during the recession in January 2009 for $35 per share. General Mills is regarded as a relatively safe...
-
SemestCode TicketNum Course Num SemstDesc ProfCode Course Title ProfName rs dp ew rk 2137 2137 2137 2137 2143 2143 2143 2143 10010 10020 10030 10040 10010 10020 10030 10040 ACCT220 ACCT230 ACCT350...
-
What are the limits of ratification by a principal?
-
Is a real estate agent a true agent?
-
REI is paying its employees to take Black Friday, Thanksgiving off REI, the outdoor gear and apparel retailer, is paying employees to celebrate Thanksgiving 2015 by spending Black Friday outdoors...
-
Explain in simple terms the concept of: "Technology Structures and Social Boundaries"
-
1- According to the Six Steps in Strategic Planning find out the Lidl and Mercadona strategic plan 2021-2022 in Spain. Highlight the major differences and similarities between them. 2- Make a picture...
-
Your writing must present an introduction, development and conclusion. At the end of your work include the APA references. case 1: program for the agency that provides services to the government...
-
7. (8 points) In the following VHDL process, if input A changes at time 20nS and no other inputs change after that time, at what time will all the output signals be guaranteed to have assumed their...
-
Q1. Tenure analysis: Table: employee Column Name Data Type Description employee_id Integer Unique identifier for each employee department Varchar The department of the employee job_level Varchar The...
-
Researchers in an education department at a large state university have designed a study to compare the math abilities of students in junior high. They will also examine the impact of three types of...
-
CLASS PERIO Solving Linear Equations: Variable on Both Sides Solve each equation. 1) 6r+ 7 = 13 + 7r 3) -7x-3x+2=-8x-8 5)-14 +66+7-26=1+5b 7) n-3n = 14-4n 2) 13-4x=1-x 4)-8-x= x - 4x 6)n+2=-14-n 8)...
-
What happens when negotiations fail?
-
In Canada, arbitration clauses in consumer contracts are prohibited in some jurisdictions. In other jurisdictions, the courts have often interpreted consumer protection legislation so as to permit...
-
Joe Smith is in the business of providing equipment and services for clean-up and recovery operations following oil spills and other disasters. Canadian Natural Resources Ltd. (CNR) is a producer of...
-
Marie Forleo, a marketing trainer and host of MarieTV, presents the eight tips for genuine networking. Do you agree or disagree with her suggestions? Discuss how this information is useful to you and...
-
Identify all relevant costs or revenue that are applicable to production- constrained decisions 1. Contributions margin of product 2. Interference with other production 3. Contribution margin per...
-
Gammaro Compary manufactures wallets from fabric. In 2 0 1 9 , Gammaro made 2 , 1 5 0 , 0 0 0 wallets using 1 , 2 5 0 , 0 0 0 yards of fabric. In 2 0 1 9 , Gammaro has capacity to make 2 , 8 0 0 , 0...
Study smarter with the SolutionInn App