For a Ratification to Be Effective, the Principal

question 65

Multiple Choice

For a ratification to be effective, the principal:

• A) must have knowledge of all material facts concerning the transaction.
• B) must communicate her intent to ratify to the third party.
• C) must have been in existence when the act was done.
• D) M ust have knowledge of all material facts concerning the transaction and  must have been in existence when the act was done.

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Definitions:

Practical Methods

Techniques or procedures that are considered to be effective and sensible in real-world applications.

Logical Persuasion

The process of influencing someone's beliefs or behaviors through the use of reasoned arguments and factual evidence.

Shoelaces

Strings or cords used for fastening shoes.

Scissors

A hand-operated cutting instrument made of two blades pivoted so that the sharpened edges slide against each other.