If a Principal Accepts the Benefits of a Whole Unauthorized

question 29

True/False

If a principal accepts the benefits of a whole unauthorized contract,the principal is deemed to have ratified the contract and is bound as if the act had been originally authorized.

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Definitions:

Maximum Management Flexibility

The ability of managers to adapt quickly and effectively to changing conditions or opportunities in the business environment.

Corporate Franchise Taxes

Taxes levied on businesses for the privilege of operating as a corporation or LLC within a particular jurisdiction.

On-Site Management

refers to the direct oversight and administration of operations, facilities, or assets at their physical location.

Business Training

Educational programs aimed at enhancing the skills and knowledge of individuals to improve performance and productivity in a business setting.