Which of the Following Is True for Ratification

question 31

Multiple Choice

Which of the following is true for ratification?

• A)It releases the principal from liability to the third person.
• B)It gives the agent the same right to compensation that he would have had if there had been prior authorization.
• C)It requires that the principal to have full understanding of the legal significance of all material facts.
• D)It is inferred by a court from the fact that the agent accepted the benefits of an unauthorized contract.

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personality traits and underestimate situational factors when explaining others' behaviors.

Stable Global Attribution

A tendency to generalize the causes of behaviors and events as constant and widespread, influencing one's perspective on life and self-esteem.

Prejudice

Preconceived opinion or bias against someone or something without sufficient knowledge, thought, or reason.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.