Without Authorization, Lars Contracts on Behalf of Mina to Have

question 33

Multiple Choice

Without authorization, Lars contracts on behalf of Mina to have Nemo paint Mina's Boutique. If Mina decides to ratify the contract, she must affirm

• A) all of the contract.
• B) any part of the contract, with Lars liable to Nemo for the difference.
• C) any part of the contract before performance begins.
• D) any part of the contract at any time.

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Definitions:

Self-Employment Taxes

Taxes paid by individuals who work for themselves, covering Social Security and Medicare contributions.

Net Earnings

The amount of income left after subtracting all expenses, taxes, and costs from the total revenue.

FUTA Taxes

Federal Unemployment Tax Act taxes are paid by employers to fund the unemployment account of the federal government.

Taxpayer

A taxpayer is any person or entity that is obliged to pay taxes to a federal, state, or local government.