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Source Freedom of Speech Freedom of Speech Showing the closest available flashcard practice.

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A restaurant employee, without authority, ordered $12,000 of specialty wine in the restaurant owner's name. The next day, the owner learned the price, quantity, and supplier. He told the employee, "You had no right to do that," but he accepted delivery, placed the wine on the restaurant's menu, and sold half of it before refusing to pay the supplier.
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The owner ratified the contract because he accepted the shipment after learning the material terms of the unauthorized deal. The owner did not ratify unless he used the word ratify in a signed document. The owner ratified only the favorable parts of the contract and may reject the price term. The owner ratified only if the employee was acting for a disclosed principal.

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