Which of the following is a true statement? A. Ratification of an agent's unauthorized contract on behalf of the principal may be ratified by the principal in some circumstances.
B. Vicarious liability very likely will be imposed on an employer who hires an independent contractor to engage in the storage of poisonous gases.
C. A sole proprietorship is a separate legal entity for tax purposes and thus the entity must file its own tax return.
D. A franchise is an association of members comparable to a union organized to provide an information sharing exchange among the members about economic issues.