John's Son Was Not His Agent but Contracted to Purchase

question 3

Multiple Choice

John's son was not his agent but contracted to purchase a computer in the name of John.When John learned of this,John sternly rebuked his son but continued to use the computer for several weeks.After losing interest in the computer,John offered to return it,saying that the purchase was unauthorized.John:

• A) is not liable on the purchase.
• B) expressly ratified the purchase.
• C) is liable because all children have the apparent authority to contract for their parents.
• D) ratified the purchase by John's conduct.

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Definitions:

Pluralism

Refers to a societal structure that allows and encourages multiple groups, cultures, or identities to coexist and have influence.

Diversity Management

Places a much heavier emphasis on recognizing and appreciating differences among people at work and attempting to provide accommodations for those differences to the extent that is feasible and possible.

Conscious Capitalism

A business philosophy that emphasizes the importance of serving the interests of all major stakeholders in a company, not just shareholders.

Organizational Architecture

Describes the structure and design of an organization, including its division of labor, hierarchies, systems, procedures, and relationships that enable it to function and meet its objectives.