Lynn, an agent for Mindwonder Games LLC, executes an unauthorized contract with NOW Marketing Inc. The deal is highly advantageo

Question

kompoz [17]

3 years ago

10

Lynn, an agent for Mindwonder Games LLC, executes an unauthorized contract with NOW Marketing Inc. The deal is highly advantageo

us to Mindwonder, and the company ratifies the contract. The contract is

Business

1 answer:

irina [24] · Answer 1 · 2022-04-10T13:38:25+03:00

Answer: c. valid

Explanation:

Even though at the time the contract was executed by the agent it was unauthorized, the fact that the company then ratifies the contract means that they agree with it and have now authorized it.

This would validate the contract because it now has the consent of the party that it was signed for which is Mindwonder Games LLC. Had the contract not been ratified then it would have been void.