Question
Using examples, explain in detail the below mentioned requirements that must be adhered to when a principal ratifies an act conducted by an agent. -
Using examples, explain in detail the below mentioned requirements that must be adhered to when a principal ratifies an act conducted by an agent.
- The act is capable of ratification
- The unauthorized agent represents that she/he had authority
-Ratification by principal
- Implied or Expressed Ratification
-Ratification must not be partial
-Ratification must occur within a specified or reasonable time
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Introduction to Business Law
Authors: Jeffrey F. Beatty, Susan S. Samuelson
5th edition
128586039X, 978-1305445840, 1305445848, 978-1285860398
