Ratification

question 49

Multiple Choice

Ratification:

• A) can only occur after the third person withdraws from the transaction and gives notice of such withdrawal.
• B) can be effected by a disclosed or an undisclosed principal according to the Second Restatement.
• C) relieves the agent of any liability she may have to the third party by reason of her having induced the third party to enter the contract without the principal's authority.
• D) may be made by a principal that was not in existence at the time the contract was made.

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Definitions:

Media Regulation

Laws, policies, and guidelines established to control or guide the operation and content of media organizations and platforms.

Federal Communications Commission (FCC)

The U.S. governmental agency that regulates interstate and international communications by radio, television, wire, satellite, and cable.

Regulatory Body

A regulatory body is an organization established by the government to oversee and regulate specific industries, ensuring they comply with legal statutes and standards.

FCC Commissioners

Officials appointed to the Federal Communications Commission, responsible for regulating interstate and international communications in the U.S.