Business, 14.11.2019 22:31 matthewquattlebum

Drag and drop the appropriate words to complete requirements for ratification. i. occurs when principal affirms or accepts responsibility for, an agent's unauthorized act -principal then bound to agent's act and it is treated as if it was authorized from the outset (express or implied)ii. requirements1. agent must have acted on behalf of an identified principal who subsequently ratifies the action2. principle must know all material facts of transaction. if principal ratifies without knowing all facts, they can rescind the contract3. principal must affirm agent's act in it entirety4. principal must have legal capacity to authorize transaction at time agent engages and principal ratifies. third party must also have legal capacity5. principal's affirmation must occur before third party withdraws from transaction6. principal must observe same formalities when ratifying act as would have been required to authorize it initially

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 18:30

What is product differentiation, and how can it be achieved ? what is product positioning? what conditions would head to head product positioning be appropriate?

Answers: 2

Answer

Business, 22.06.2019 19:40

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)

Answers: 1

Answer

Business, 23.06.2019 00:00

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.

Answers: 1

Answer

Business, 23.06.2019 08:20

Analyze the forces in the marketing environment that have contributed to pinterest’s explosion in popularity?

Answers: 3

Answer

You know the right answer?

Drag and drop the appropriate words to complete requirements for ratification. i. occurs when princi...

Questions