Which of the Following Is Correct with Respect to the Ratification

question 117

Multiple Choice

Which of the following is correct with respect to the ratification of an agent's contracts?

• A) When a contract entered into by an agent is ratified by a principal, it commences at the time the principal ratifies the contract.
• B) A principal can only ratify an agreement entered into by an agent if his name has not been used.
• C) A contract can only be ratified if the principal was not able to enter into the contract himself at the time of ratification.
• D) The agent can set a time limit within which the ratification must take place.
• E) A principal can ratify a contract where the agent has gone beyond both his actual and apparent authority.

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Definitions:

Microtubules

Cylindrical structures within cells that provide shape and facilitate movement and transport of materials.

Endosymbiosis

A theory that explains the origin of eukaryotic cells from prokaryotic organisms, through a symbiotic relationship.

Mitochondrion

A membrane-bound organelle found in most eukaryotic cells, responsible for cellular respiration and energy production.

Engulfing Vesicle

A membrane-bound vesicle that forms to engulf particles, bacteria, or other materials into a cell by phagocytosis.