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Author Question: Which of the following is not true about a corporation's ratification of an officer's act? A) It ... (Read 40 times)

Alygatorr01285

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on: Jun 24, 2018
Which of the following is not true about a corporation's ratification of an officer's act?
 A) It applies to an authorized act of an officer.
  B) It relates back to the original transaction.
  C) It may be either express or implied from the corporation's acceptance of contractual benefits.
  D) The corporation must have full knowledge of the facts in order to ratify the act.

Question 2

The Code greatly alters the common law doctrine of material breach by adopting what is known as the:
 A) perfect tender rule.
  B) anticipatory repudiation rule.
  C) prevention of performance rule.
  D) discharge by operation of rule law.


babybsemail

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

A


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