Asked by
KYLEE WEBB 2022 WCHS 11
on Nov 28, 2024
Verified
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) valid.
B) vicarious.
C) void.
D) voidable.
Unauthorized Contract
An agreement made by a person who does not have the legal authority to do so on behalf of a party.
Ratifies
The act of formally approving or confirming a decision or agreement, making it officially valid.
Valid
Legally sound, effective, and binding.
- Acknowledge the effects of agents' actions when performed without proper authorization.
- Comprehend the liability rules under the respondeat superior doctrine for principals.
Verified Answer
ZM
Learning Objectives
- Acknowledge the effects of agents' actions when performed without proper authorization.
- Comprehend the liability rules under the respondeat superior doctrine for principals.
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