Ratification May Be Inferred by a Court from The

question 31

Multiple Choice

Ratification may be inferred by a court from the:

• A) principal's acceptance of benefits of an unauthorized contract.
• B) agent's failure to repudiate an unauthorized contract after becoming aware of it.
• C) third party's extent of knowledge about the contract.
• D) principal's failure to give express authority to the agent.

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Definitions:

Motives

The underlying reasons or incentives that drive individuals to act or behave in a certain manner.

Integrity

The quality of being honest and having strong moral principles, or the state of being whole and undivided.

Vitality

The strength to live; a basic requirement for successful leaders who, through personal energy and stamina, breathe life into their visions and followers.

Stability

The state of being steady, consistent, or unchanging over time.