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A Person May Ratify a Prior Unauthorized Act and May

question 1

True/False

A person may ratify a prior unauthorized act and may later revoke the ratification.


Definitions:

Price/demand Elasticity

A measure of how much the demand for a product changes in response to a change in its price.

Continuous Values

Numerical data that can take any value within a specified range, often associated with measurements.

Production Cost

The total expense incurred in the manufacturing of a product or providing a service, including raw materials, labor, and overhead costs.

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