Which of the Following Is True of Ratification by the Principal

question 11

Multiple Choice

Which of the following is true of ratification by the principal?

• A)It can only occur prior to the actions of the agent.
• B)It is a voluntary act by the principal.
• C)It discharges the principal of liability for the agent's actions.
• D)It requires the usual consideration of contract law.
• E)It must be made in writing to be effective.

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Definitions:

Functionalism

A theoretical framework in sociology that emphasizes the interdependence of the parts of a society and their role in maintaining societal stability.

Absolute Poverty

A condition characterized by the severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information.

Relative Poverty

A condition where people are considered poor relative to the living standards of the majority in the society they live in.

Economic Instability

A state where an economy experiences sharp fluctuations or a lack of steady growth, leading to uncertainty and potential financial crises.