Acceptance of an Agent's Previously Unauthorized Act by a Principal

question 52

Short Answer

Acceptance of an agent's previously unauthorized act by a principal is called _______.

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Definitions:

Faulty Stove

A stove that has defects or malfunctions, potentially causing inconvenience or danger to users.

Homeowners' Insurer

An insurance company that provides policies to homeowners, covering losses and damages to an individual's house and assets in the home.

Bad Faith

An intent to deceive or act dishonestly in fulfillments of contractual obligations or negotiations.

Compensatory

Relating to compensation, this term refers to benefits or payments awarded to individuals as restitution for loss, damage, or injury suffered.