Ratification Can Occur in Which of the Following Ways

question 35

Multiple Choice

Ratification can occur in which of the following ways?

• A)Through express language.
• B)As implied from conduct.
• C)Through failure to make a timely disaffirmance.
• D)All of the above.

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Definitions:

FDIC

The Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits at banks and thrifts to maintain public confidence and encourage stability in the financial system.

Time Deposits

Bank deposits that cannot be withdrawn for a certain term or period of time without incurring a penalty.

Large Denomination

Refers to currency or financial instruments issued in large amounts, often used for major transactions or investments.

Bank Failures

Occurrences where a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities.