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Mr. Ahmed, without Biren’s authority, lends Biren’s money to Calvin. Afterwards, Biren accepts the…

By accepting interest on the unauthorized loan, Biren adopts Ahmed’s act after it was done. This is agency by ratification, specifically implied ratification through…

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Mr. Ahmed, without Biren’s authority, lends Biren’s money to Calvin. Afterwards, Biren accepts the interest on the money from Calvin. What does the conduct of Biren imply in the given situation?

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Correct answer D

By accepting interest on the unauthorized loan, Biren adopts Ahmed’s act after it was done. This is agency by ratification, specifically implied ratification through conduct. It differs from implied authority existing before the loan was made.

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