1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
notsponge [240]
4 years ago
12

The process by which a principal binds himself to an unauthorized act done by an agent, or by a person purporting to act as an a

gent, is called ______.
Business
2 answers:
lesantik [10]4 years ago
4 0

Answer: Ratification

Explanation: This explains the statute used by people of many nations whereby a nation demonstrates its permission to be bound to an agreement that is if they aim at displaying their permission to such an agreement. The organization of ratification awards nations the important a specified period of time to look for the indispensable permission for the agreement on the home category and to perform the important regulation to provide familial impact to that agreement.

lorasvet [3.4K]4 years ago
3 0

Answer:

ratification

Explanation:

The principal agent relationship can be very complex, since the principal is bound to the agent's actions, and things can get complicated if someone uses apparent authority to act on behalf of a principal.

The only way a principal is bound to the acts of an agent is if the agent has actual, implied or apparent authority. Actual and implied authority are given by the principal, so the principal is responsible for the agent's acts. If the agent wasn't authorized, then the only way a transaction can be binding is that if the agent had apparent authority.

When an unauthorized agent commits or agrees to a transaction on behalf of a principal and the principal decides to accept the transaction's terms, the principal is ratifying (or accepting) those actions.

You might be interested in
________ computing refers to the efficient and eco-friendly use of computers.
joja [24]
Green computing is an efficient and Eco-friendly use of computers and other electronics.  Eco-friendly or environment friendly are marketing terms and sustainability that referring to goods, services, policies and guidelines that reduce or minimize any harm on the ecosystem or environment. Green computing involves study of designing, manufacturing, using and disposing of computing devices in a way that does not harm the environment.
8 0
4 years ago
On January 1, 20X7, Poke Corporation acquired 25 percent of the outstanding shares of Shove Corporation for $100,000 cash. Shove
maria [59]

Answer:

$18,750

Explanation:

Income from investment = 25% * $75,000

Income from investment = 0.25 * $75,000

Income from investment = $18,750

The amount that will be reported by Poke as income from its investment in Shove for 20X8, if it used the equity method of accounting is $18,750

4 0
3 years ago
Suzanna decided not to pay federal income tax, saying that paying federal income tax is optional. Describe two possible conseque
Romashka [77]

Answer:

Not filing your return will cost you an additional 5 percent of your unpaid tax bill each month.

Not paying what you owe will add an extra 0.5 percent each month to your overall IRS debt.

If you did not file on time and did not pay any tax you owed, you are subject to both penalties. However, the IRS actually gives you a bit of a break. The maximum penalty that you’ll pay for both in any given month is 5 percent, rather than 5.5 percent.

If you don’t file or pay for five months, the failure-to-file penalty will max out at 25 percent of your unpaid taxes. But the 0.5 percent failure-to-pay penalty will continue to accrue, up to another 25 percent of what you owe, until the tax is paid.

Interest also is charged on the overdue amount

If your due a refund then the only way to get it is to file

Explanation:

7 0
3 years ago
Read 2 more answers
How can collage benefit me financially and personally
STatiana [176]

College or other advanced education will help you increase your lifetime earning potential by opening up the possibility of higher paying jobs.

6 0
3 years ago
A 16-year, $1,000 par value zero-coupon rate bond is to be issued to yield 6 percent.
Solnce55 [7]

Answer:

a) $393.65

b) $458.11

c) $217.63

Explanation:

Given data:

16-year  ( n )

$1000 par value  ( FV )

6% ( R )

A) determine the initial price of the bond

 = FV / ( 1 + R ) ^ n

= 1000 / ( 1.06 ) ^ 16

= 1000 / 2.5403 = $393.65

B ) when interest rate drops to 5% determine the value of the zero-coupon rate of bond

 = FV / ( 1 + R ) ^n

 = 1000 / ( 1.05 ) ^ 16

 = 1000 / 2.1829  = $458.11

C ) when interest rate increases to 10% determine the value of the zero-coupon rate of bond

=  Fv / ( 1 + R ) ^ n

=  1000 / ( 1.1 ) ^ 16

= 1000 / 4.5950 = $217.63

7 0
3 years ago
Other questions:
  • Match each word with the phrase that best defines it
    5·2 answers
  • On July 1, 2020, Crocus obtained a $90 million construction loan with a 6% interest rate. The loan was outstanding through the e
    11·1 answer
  • The company has a target capital structure of 40% debt and 60% equity. Bonds pay 10% coupon (semi-annual payout), mature in 20 y
    11·1 answer
  • Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.
    6·2 answers
  • Why is diversity training important?
    13·1 answer
  • A watch manufacturing company has priced its goods at a rate which is higher than what other companies offer. the watches made b
    8·2 answers
  • John’s Smoothie Stand at Utah’s Wasatch County’s Demolition Derby sells bananas. If John bought 53 lbs. of bananas at $.32 per p
    8·1 answer
  • When a movie theater charges a lower ticket price for senior citizens and/or students, the movie theater is engaging in_________
    14·1 answer
  • cornelius owns grand games, a high-end store that retails games and toys that are handcrafted and carefully selected. cornelius
    15·1 answer
  • A bilateral contract is one in which one side promises to perform in exchange for the other side's actions
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!