Which of the Following Statements Is False with Regard to Ratification

question 25

Multiple Choice

Which of the following statements is false with regard to ratification in agency law?

• A)A principal cannot ratify a contract if he did not have the capacity to contract at the time the contract was made.
• B)A principal can ratify a contract inadvertently.
• C)If an agent exceeds her express authority,ratification is the only means by which the principal would be bound to honour the unauthorized contract.
• D)Ratification gives the agent authority retroactive to the time of contract.
• E)A principal cannot ratify a contract if at the time of the ratification he could not have entered into the contract.

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Definitions:

Micro Level

An analysis or intervention focus on individual or small group interactions and dynamics.

Planning Process

A systematic series of actions directed towards achieving a particular goal or objective, often involving strategic decision-making and resource allocation.

Contract

An agreement between parties creating obligations that are enforceable or otherwise recognizable at law.

Macro Social Environment

The larger societal context in which individuals, groups, and organizations operate, encompassing cultural, economic, legal, and political aspects.