When an Agent Enters into a Contract on Behalf of a Principal

question 38

True/False

When an agent enters into a contract on behalf of a principal, the princi?pal must ratify the contract to be bound to it.

---

Definitions:

Ritualistic Behavior

Repetitive actions performed in a specific manner, often with symbolic significance or as part of a routine, sometimes observed in religious or daily activities and in certain disorders.

Emotions

Complex psychophysiological experiences of an individual's state of mind as interacting with biochemical and environmental influences.

Bipolar Disorder

An emotional health issue defined by pronounced changes in mood, encompassing moments of high (mania or hypomania) and low (depression) emotional states.

Lithium

A chemical element used as a medication to treat and prevent episodes of mania in people with bipolar disorder.