2 Under the common law of agency, if something is said or done, by a person or entity (named party "A") for another person or entity (party B); but at the time party A did not have party B's authority., then party B will not be bound as Principal of party A, unless party B ratifies the words or actions of party A. All correct Marks 3 Select up to 6 from the options below that are most correct in defining the essential conditions that need to be met at common law for Party B to ratify the words or actions of Party A and be bound by Party A to retrospectively create actual authority when the words or acts were said or acts carried out: O The Principal must have been named when the contract was made. At the time of ratification, the principal either must have full knowledge of the material facts, or else must have the intention to ratify whatever may be the facts O The Principal must have notified the Third Party of the ratification for it to be effective. The Principal must, at the time the contract was made, have had contractual capacity to make the contract. Ratification is possible where the agent has acted as if for itself without disclosing that it was acting for someone else. The Principal must have been named or ascertainable when the contract was made. The Principal must ratify within the stated time limit, if any, or else within a reasonable time. The Agent must have purported to act as agent. The Principal must have been in existence at the time the contract was made