Without Ted's Knowledge, Phil, Who Frequently Purchased Lumber on Ted's

question 40

True/False

Without Ted's knowledge, Phil, who frequently purchased lumber on Ted's behalf, purchased a large quantity of plywood from Chris as agent for Ted. Phil later advised Ted of the purchase. If Ted wished to ratify the agreement, the act of ratification would make the agreement effective as of the date that it was negotiated by Phil.

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Definitions:

Similar Raises

Wage increases awarded to employees that are alike in amount or percentage, often reflective of a standardized evaluation of performance or cost of living adjustments.

Human Rights Legislation

Laws that protect individuals' basic rights and freedoms, often including aspects related to employment and discrimination.

Less Experience

Describes individuals or entities having limited knowledge, practice, or engagement in a particular field or activity.

High Degree

An advanced level of academic achievement, typically a master's degree, doctorate, or other post-graduate qualification.