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Which of the following statement is TRUE about Bolton Partners v Lambert ? 1) The principal had not been identified and the agent acted in

Which of the following statement isTRUEaboutBolton Partners v Lambert?

1)

The principal had not been identified and the agent acted in his personal capacity.

2)

Upon ratification, the contract was treated to be properly authorised from the very start.

3)

The principal ratified the whole contract but failed to do so within a reasonable time.

4)

The principal was not aware of all material facts.

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