Question

Lev, an agent for Mill Grains LLC, executes an unauthorized contract with National Grocers Inc. The deal is highly advantageous to Mill Grains, and the company ratifies the contract. The contract is a. vicarious. b. void. c. valid. d. voidable.

Answer 1

Answer:

c. valid

Explanation:

A valid contract can either be in writing or orally expressed agreement between two parties to provide a service or product.

For a contract to be valid, the terms and conditions of the contract must be clearly spelt out. For example, Mr. Dan agrees to supply a line of products to Mr. Cork and he agrees to pay £599 for the products.