Ratification Occurs When a Principal Accepts Responsibility for an Agent's

question 42

True/False

Ratification occurs when a principal accepts responsibility for an agent's unauthorized act.

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Definitions:

Risks

The potential for encountering harm, loss, or adverse outcomes in any action or situation.

Dual or Multiple Relationships

Situations where a professional engages in more than one relationship with a client, beyond the professional one, potentially impacting objectivity and ethical standards.

Romantically Involved

Being in a love relationship or partnership with someone.

Ethical

Pertaining to or dealing with morals or the principles of morality; adhering to the accepted standards of conduct.