Bill was appointed by Melinda to buy a paintingat not more than $1 million. Bill eventuallybought the painting for $1.2 million. Melindawished to ratify Bill's act. Which of thefollowing statements is CORRECT?Melinda could ratify if she did so soon after Bill'sunauthorised act.Melinda could not ratify because Bill disobeyedher instructions.Bill had actual authority since he was appointedby Melinda to buy the painting.Melinda could still sue Bill for the price differenceafter ratifying his unauthorised act.

Please find the answer below.RATIFICATION :- Ratification is the formal approval of an unauthorized…

Answered: Bill was appointed by Melinda to buy a…

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