Identify the Circumstances Under Which a Principal Would Be Permitted,by

question 20

Essay

Identify the circumstances under which a principal would be permitted,by law,to ratify a contract.

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Definitions:

Bond Indenture

A legal document detailing the terms and conditions of a bond issue, including the interest rate, maturity date, and obligations of the issuer.

Legal Document

A formal document that records agreements, contracts, or declarations and is recognized and enforceable by law.

Face Value

The nominal value printed on a financial instrument like a bond or currency note, representing its legal value.

Issuer

An entity, such as a corporation or government, that develops and offers securities for sale to investors to raise capital.