Bud Approves on Behalf of Cody-But Without Authorization-A Contract with Devon

question 14

Multiple Choice

Bud approves on behalf of Cody-but without authorization-a contract with Devon to build a new silo.Cody does not ratify the contract.Later,Devon tries to enforce the deal.This attempt will be

• A)partly successful.
• B)partly unsuccessful.
• C)totally successful.
• D)totally unsuccessful.

---

Definitions:

Indebtedness

The condition of owing money or being under financial obligation to others, which could include loans or issued bonds.

Profitability

A measure of how efficiently a company or business generates profit in relation to its revenue.