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Nesterboy [21]
3 years ago
14

Ratification occurs when the principal accepts responsibility for the agent's acts. For ratification to be valid, the agent must

have acted on behalf of an principal, that principal must know all of the material , must the agent's act in its entirety, and must have the legal to ratify the transaction both at the time the agent engages in the act and at the time the principal ratifies it. The principal's ratification must occur before the third party from the transaction, and the principal must the same formalities when ratifying the act as would have been required to authorize it initially.
Business
1 answer:
Zinaida [17]3 years ago
5 0

Answer:

The answers are : unauthorized, identified, facts, affirm, authorization, withdraws, observe.

Explanation:

Ratification occurs when the principal accepts responsibility for the agent's unauthorized acts. For ratification to be valid, the agent must have acted on behalf of an identified principal, that principal must know all of the material facts , must affirm the agent's act in its entirety, and must have the legal authorization to ratify the transaction both at the time the agent engages in the act and at the time the principal ratifies it. The principal's ratification must occur before the third party withdraws from the transaction, and the principal must observe the same formalities when ratifying the act as would have been required to authorize it initially.

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svlad2 [7]

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<h3>What is real wage rate?</h3>

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7 0
2 years ago
A negotiation support system provides support to the negotiation process by ________.
Natali [406]
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6 0
3 years ago
A company assigns overhead cost to completed jobs on the basis of 113% of direct labor cost.the job cost sheet for job 313 shows
Zielflug [23.3K]

A) total manufacturing cost
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B) total manufacturing cost
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Hope it helps!

4 0
3 years ago
How do economists and bankers determine how much the money supply will increase with each deposit?
nordsb [41]
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5 0
3 years ago
Lands' End orders blazers that it has been selling for the last 20 years in misses sizes, but in a new fabric and in new larger
alexira [117]

Answer:

New buy

Explanation:

Based on the information given NEW BUY occur in a situation where a person or an individual order a brand new products that has already been selling for a long period of time in which the new product that is been ordered must be different from the one that was already in existence before now and the new products will have to be produce with a new material which will as well include brand new different design as well a different size just as in the case of Lands' End .

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4 0
3 years ago
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