A Principal Who Ratifies an Unauthorized Contract Is Bound by Its

question 49

True/False

A principal who ratifies an unauthorized contract is bound by its terms.

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Definitions:

External Attributions

The process of attributing the cause of behaviors or events to factors outside the individual, such as situational or environmental forces.

Stable Attributions

The perception that an individual's behavior is due to fixed, unchanging factors.

External Attribution

The process of attributing the cause of one's own or another's behavior to external factors or situations.

Internal Factors

The influences that originate within an individual or entity, affecting its behavior, decisions, and performance.