Which of the Following Is Correct with Respect to the Ratification

question 162

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 himself at the time of ratification.

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Definitions:

Contrary Propositions

In logic, contrary propositions are pairs of statements that cannot both be true at the same time, but can both be false.

Forms

In logic, refers to the various shapes or structures that arguments or propositions can take, based on the arrangement of their terms or components.

Contradictory

In logical terms, referring to propositions that cannot both be true at the same time.

Proposition

A suggested plan or course of action.