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.