Dizzy Is Not Edwina's Agent but Enters into a Contract

question 17

Multiple Choice

Dizzy is not Edwina's agent but enters into a contract with Frida on Edwina's behalf.Edwina later contacts Frida to approve the contract.This is

• A)an agency by agreement.
• B)an agency by estoppel.
• C)an agency by ratification.
• D)not the creation of an agency relationship.

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Definitions:

Stock Split

A corporate maneuver where a firm expands its existing shares into a greater quantity to increase the shares' liquidity.

Trading Range

The range within which a security’s price fluctuates over a given period, indicating the highest and lowest prices reached.