Which of the Following Is NOT a Requirement for Ratification

question 6

Multiple Choice

Which of the following is NOT a requirement for ratification of an unauthorized contract or act involving an agent and a third party?

• A)The principal must know of all material facts involved in the transaction.
• B)The principal must have the legal capacity to authorize the transaction at the time the agent engages in the act.
• C)The principal's affirmance must occur prior to the withdrawal of the third party from the transaction.
• D)The principal must be a disclosed principal.

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Definitions:

Beta

A financial metric that measures the volatility of a stock or portfolio in comparison to the market as a whole.

Annualized Return

The geometric average amount of money earned by an investment each year over a given time period, often used to compare the performance of investments with different time horizons.

FDA

The Food and Drug Administration, a federal agency of the United States responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, medical devices, and veterinary products.