Which of the Following Statements Is False with Regard to Ratification

question 25

Multiple Choice

Which of the following statements is false with regard to ratification in agency law?

• A)A principal cannot ratify a contract if he did not have the capacity to contract at the time the contract was made.
• B)A principal can ratify a contract inadvertently.
• C)If an agent exceeds her express authority,ratification is the only means by which the principal would be bound to honour the unauthorized contract.
• D)Ratification gives the agent authority retroactive to the time of contract.
• E)A principal cannot ratify a contract if at the time of the ratification he could not have entered into the contract.

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Definitions:

Only-Born Adults

Adults who grew up as an only child, which may influence their personality, behaviors, and social interactions.

Self-Esteem

An individual's overall subjective evaluation of their own worth and capabilities.

More Selfish

Displaying an increased focus on one's own needs and desires, often at the expense of considering others'.

More Cooperative

Exhibiting a greater willingness or tendency to work together with others towards common goals or interests.