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Which Statement Describes a Factor of Orientation Programs

question 136

Multiple Choice

Which statement describes a factor of orientation programs?

Distinguish between the necessity of disclosing a principal’s identity during contract negotiation and the consequences of nondisclosure.
Comprehend the process of ratification and its applicability in binding principals to unauthorized acts.
Realize the extent of an agent’s authority in managing property and contracting for necessary repairs.
Recognize the conditions under which a principal’s ratification of a contract can be implied from conduct.

Definitions:

Quasi-Contract

An obligation imposed by law to prevent unjust enrichment, even though no actual contract exists between the parties involved.

Necessaries

Goods and services deemed essential for an individual's subsistence and welfare, especially in the context of legal responsibility and contracts.

Incapacity

The inability to comprehend or manage one's own affairs due to mental deficiency or a similar condition.

Disaffirmance

The legal right or act of renouncing or rejecting a contract or agreement, particularly used in reference to minors' agreements.

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