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.

Understand legal remedies available for victims of misrepresentation in contract dealings.

Analyze the impact of undue influence on the legality and enforcement of contracts.

Understand the reasons why minors might have restrictions on their ability to disaffirm contracts and which types of contracts they cannot disaffirm.

Comprehend the legal implications of capacity and consent in contract law, including how it affects minors, the mentally ill, and intoxicated individuals.

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Definitions:

Macroethnography

An ethnographic methodology that examines wider societal patterns through the lens of individual experiences and cultural practices.

Online Ethnography

A research method involving the immersive observation and study of communities and cultures through online platforms and interactions.

Gatekeeper

An individual or entity that controls access to resources, information, or services, often acting as a filter or barrier.