If an Agent Exceeds His or Her Scope of Authority

question 17

True/False

If an agent exceeds his or her scope of authority, a principal is bound on the contract only if he or she ratifies the contract.

---

Definitions:

Poverty Bay

A bay on the east coast of the North Island of New Zealand, known for its historical significance and as the first landing place of Captain James Cook in New Zealand.

Caroline Islands

A widely scattered archipelago in the western Pacific Ocean, comprising both the Federated States of Micronesia and Palau.

East Sepik

A province in Papua New Guinea, recognized for its rich cultural tapestry, intricate art traditions, and the Sepik River, a significant cultural and environmental landmark.

Melanesia

A region in the southwestern Pacific Ocean consisting of thousands of islands, including New Guinea, Solomon Islands, Vanuatu, and Fiji, characterized by its diverse cultures and languages.