Examlex
Which of the following is true with regard to centralization and decentralization?
Ratify
The act of formally approving a contract or agreement, making it officially valid and enforceable.
Unauthorized Act
An action taken without official permission or beyond granted authority, often leading to disciplinary actions or legal consequences.
Partners
The owners of a partnership.
Respondeat Superior
A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, performed within the scope of their employment or agency.
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