A Corporation Cannot Ratify an Unauthorized Act Committed by Its

question 62

True/False

A corporation cannot ratify an unauthorized act committed by its corporate officer.

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Definitions:

Routine Practices

Established procedures and standards that are followed regularly by organizations or individuals.

Whistleblowing

The act of exposing any kind of information or activity deemed illegal, unethical, or not correct within an organization.

Communication Costs

Expenses associated with the transfer of information, such as telecommunications, mailing, and meetings.

Main Costs

The primary or most significant expenses associated with running a business, project, or task.