Bud Approves on Behalf of Cody-But Without Authorization-A Contract with Dick

question 67

Multiple Choice

Bud approves on behalf of Cody-but without authorization-a contract with Dick to build a new silo. Cody does not ratify the contract. Later, Dick tries to enforce the deal against Cody. This attempt will be

• A)partly successful.
• B)partly unsuccessful.
• C)totally successful.
• D)totally unsuccessful.

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Definitions:

Financial Intermediaries

Institutions that channel the savings of individuals, businesses, and governments into loans or investments.

Municipal Bonds

Municipal Bonds are debt securities issued by municipalities to finance public projects such as roads, schools, and infrastructure, offering investors tax-exempt interest payments.

National Income Accounting

A system used by a country to measure the overall economic activity and income generated within its economy over a specific time period.

Saving And Investment

The act of foregoing current consumption to put resources into assets or projects expected to generate future benefits or returns.