Which of the Following Is Not True About a Corporation's

question 30

Multiple Choice

Which of the following is not true about a corporation's ratification of an officer's act?

• A) It applies to an authorized act of an officer.
• B) It relates back to the original transaction.
• C) It may be either express or implied from the corporation's acceptance of contractual benefits.
• D) The corporation must have full knowledge of the facts in order to ratify the act.

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Definitions:

"Face" Cards

In a deck of playing cards, the king, queen, and jack of each suit, which have pictures of faces on them.

Standard Deck

A set of 52 playing cards divided into four suits: hearts, diamonds, clubs, and spades, each containing 13 ranks from Ace through King.

Suit

A set of garments made from the same cloth, usually consisting of at least a jacket and trousers, worn traditionally by men.

Shoe Sizes

A numerical indication of the fitting size of a shoe for a person.