Questions and Answers
Which of the following is a requirement for an act to be considered unauthorized?
The act must be expressly authorized by the principal
What is a requirement for an agent to act as an agent for a principal?
The agent must have a principal who is existing and ascertainable
Under what circumstances can a principal ratify only part of a contract?
When the principal would be subject to damages by ratifying the contract
What is a requirement for a principal to be able to ratify a contract?
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Under what circumstances is ratification not possible?
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