Which of the Following Is True Regarding the Requirements of Ratification

question 6

Multiple Choice

Which of the following is true regarding the requirements of ratification?

• A)An agent's illegal contract cannot be made binding by the principal's subsequent ratification.
• B)An agent should disclose the principal's identity when entering into a contract with a third party.
• C)A principal without legal capacity can ratify the unauthorized acts of the agent.
• D)An agent's beneficial acts can be ratified by the principal while the detrimental ones can be rejected.

---

Definitions:

Tacit Knowledge

Knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often gained through personal experience.

Job Knowledge

The understanding and information a person possesses regarding their job duties, responsibilities, and the necessary skills for performance.

Explicit Knowledge

Information or knowledge that is articulated, codified, and accessible in a tangible form, such as documents or databases.

Conditional

Subject to one or more conditions or requirements being met; made or granted on certain terms.