Which of the Following Is Correct with Respect to the Ratification

question 40

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 principal can only ratify an agreement entered into by an agent if his name has not been used.
• C) When a contract entered into by an agent is ratified by a principal, it commences at the time the principal ratifies the contract.
• D) The agent can set a time limit within which the ratification must take place.
• E) A contract can only be ratified if the principal was not able to enter into the contract herself at the time of ratification.

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Definitions:

Encrypting

The process of converting data or information into a code to prevent unauthorized access, ensuring data privacy and security.

Front-end Database

A user interface or application that allows users to interact with a database directly, often designed for ease of use.

Set Database Password

The process of creating or updating a password to secure access to a database.

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