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.

Answer 2

The unauthorized contract that Lez has executed with National Grocers is a valid contract.

A valid contract can be described as a contract that is enforceable. The reason why the contract is valid is because every party in this contract is legally bound to enter it.

The agent is working on behalf of a company known as Mill Grains and they are having this deal with another company. And it is valid because there is a contract or agreement for the services to be provided.

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