Ratification Must Be Explicitly Expressed and May Not Be Implied

question 25

True/False

Ratification must be explicitly expressed and may not be implied from the actions of the agent or the principal.

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Definitions:

Action

The process or act of doing something towards achieving a goal or resolving a problem.

Entrepreneurship

Engaging in the creation of a business or multiple businesses, undertaking economic risks in anticipation of making a profit.

Skills

The ability, coming from one's knowledge, practice, aptitude, etc., to do something well.

Corporate Entrepreneurs

Individuals within a large company who develop new ideas, products, or business models, effectively acting as entrepreneurs within the corporate structure.