Ratification:
A) can only occur after the third person withdraws from the transaction and gives notice of such withdrawal.
B) can be effected by a disclosed or an undisclosed principal according to the Second Restatement.
C) relieves the agent of any liability she may have to the third party by reason of her having induced the third party to enter the contract without the principal's authority.
D) may be made by a principal that was not in existence at the time the contract was made.
C
You might also like to view...
The planning/control cycle has two control steps: (1) control the direction by comparing results with the plan and (2) control the direction by taking corrective action in two ways—namely, by
A. receiving feedback, and, if needed, making new plans. B. researching ways to plan better and increasing profits. C. increasing organization synergy and diversity. D. correcting deviations in the plan being carried out or improving future plans. E. improving future plans, and, if needed, cutting costs.
If messages are too conflicting, audiences will counterargue and disbelieve them
Indicate whether the statement is true or false
To which situational leadership approaches is the concept of fluidity applicable?
a. path-goal and Hersey/Blanchard b. Hersey/Blanchard and Vroom/Jago c. path-goal and Vroom/Jago d. only path-goal
The purpose of financial statement analysis for external users is to provide information to improve efficiency and effectiveness.
Answer the following statement true (T) or false (F)