Which of the Following Is Correct with Respect to the Ratification

question 69

Multiple Choice

Which of the following is correct with respect to the ratification of an agent's contracts?

• A)A principal can ratify a contract where the agent has gone beyond both his actual and apparent authority.
• B)A contract can only be ratified if the principal was not able to enter into the contract himself at the time of ratification.
• C)Ratification is always an intentional act and must be performed by the principal.
• D)When a contract entered into by an agent is ratified by a principal, it commences at the time the principal ratifies the contract.
• E)A principal can only ratify an agreement entered into by an agent if his name has not been used.

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Definitions:

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives with the resources available.

Modified Routines

Adjusted or altered schedules or methods of operation to improve efficiency or accommodate specific needs.

Inertia

The tendency to remain in a current state or resist change, often used in the context of organizations or physical objects.

Organizational Change

The process through which companies undergo transformations in their structures, strategies, processes, or cultures.