A document which requires verification and recordation for it to have validity is a:

a. Contract of sale
b. Lease of a building
c. Bill of sale
d. Mechanic's lien

Answer: d. Mechanic's lien

Business

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Under the law of agency, the ratification doctrine

A. Is not applicable to situations in which the party claiming to act as the agent for another has no express or implied authority to do so. B. Is designed to apply to situations in which the principal was originally incompetent to have made the contract himself, but who, upon becoming competent, ratifies. C. Requires the principal to ratify the entire act of the agent, and the ratification is retroactive. D. Applies only if the principal expressly ratifies the contract made on his behalf within a reasonable time in writing.

Business

The key objective in managing individual development projects, _______, is the time between the first instant someone could have started working on a development program and the instant the final product was available to the customer

a. development speed b. product cost c. product performance d. development program expense

Business