_____ Occurs When a Principal Voluntarily Decides to Honor an Agreement

question 97

Multiple Choice

_____ occurs when a principal voluntarily decides to honor an agreement, which otherwise would not be binding due to an agent's lack of authority.

• A) Novation
• B) Ratification
• C) Negotiation
• D) Release
• E) Waiver

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Definitions:

Unpopped Kernels

Corn kernels that remain hard and unexpanded after an attempt to pop them, usually due to insufficient heat.

Microwave Popcorn

A convenience food consisting of popcorn that is packaged for microwave cooking.

Reasonable And Customary

Refers to the standard or average cost for services or goods in a particular area, used to determine appropriate charges.

Medical Procedure

A method performed to diagnose, treat, or prevent illness or disease within the healthcare context.