If a principal does not ratify an unauthorized contract, the principal is not bound.?
Indicate whether the statement is true or false
True
You might also like to view...
Which one of the following is an investing activity of a business?
a. Paying for purchases of inventory b. Issuing stock for cash c. Borrowing money from a bank d. Purchasing a manufacturing plant for cash
The income statement is sometimes called the statement of financial position
a. True b. False Indicate whether the statement is true or false
Consider Figure 5.3. Assume that Swedish import companies behave as competitive buyers while foreign export companies behave as monopoly sellers. Compared to free trade, Sweden's import quota results in domestic welfare
a. gains totaling $3.20. b. gains totaling $4.80. c. losses totaling $3.20. d. losses totaling $4.80.
Manufacturers of which of the following would be most likely to use freight absorption pricing?
A) chocolate candy B) laptop computers C) furniture polish D) feline flea collars E) repair parts for vacuum cleaners