A(n) ____ Is a Principal's Clear Signal to Be Bound

question 293

Multiple Choice

A(n) ____ is a principal's clear signal to be bound to the otherwise unauthorized agreement.

• A) implied ratification
• B) real ratification
• C) delayed ratification
• D) explicit ratification
• E) none of the other choices are correct

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Definitions:

Bond Indenture

A legal document specifying the terms, conditions, and details of a bond issued by a corporation or government entity.

Corporation Issuing

The process by which a corporation releases or sells securities, like stocks or bonds, to raise capital.

Bondholders

Individuals or entities that hold debt securities issued by corporations or governments, entitling them to receive interest and the repayment of principal.

Time Value

The concept that money available today is worth more than the same amount in the future due to its potential earning capacity.