With Respect to Ratification, Which One of the Following Statements

question 86

Multiple Choice

With respect to ratification, which one of the following statements is true?

• A) Ratification is the act of a principal approving a contract when his agent has exceeded his authority or acted without authority, and such approval gives the agent authority retroactively to the time the agent made the contract.
• B) When an agent, without the authority of his principal, has entered a contract for three computers and two printers, and the principal wants the computers but not the printers, he can ratify part of the contract.
• C) The only limitation on a principal's right to ratify is the power of the third party to set a time limit within which that ratification must take place.
• D) Irving has been given authority to contract for the purchase of 1000 jade tiles at up to $18 a piece. Instead, he buys from Cassiar Jade Co. 1200 jade tiles at $18.25 a piece. When Cassiar Jade finds out that Irving has exceeded his authority, it sells the tiles to Interior Designs Co. After Cassiar has sold the tiles, Irving's principal can no longer ratify the contract.
• E) The ratification by the principal must be in writing to be effective.

Identify cultural products and their significance in understanding a culture.

Identify and classify various types of medications based on their pharmacological action.

Match specific examples of drugs to their corresponding categories.

Understand the mechanisms by which different medications exert their therapeutic effects.

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Definitions:

16PF

A psychological assessment tool consisting of 16 personality factors, used to understand an individual's personality traits.

Reality Principle

A psychoanalytic concept that represents the ability of the mind to assess the external world and act upon it accordingly, balancing with the pleasure principle.

Basic Anxiety

Anxiety created when a child is born into the bigger and more powerful world of older children and adults.

Personality Disturbances

Disruptions or dysfunctions in an individual's personality traits that significantly impede their social or occupational functioning.