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Agency by Ratification by Sunny Stelon is a document available to read on EtoBox.
What is Agency by Ratification about?
Agency by ratification occurs when a principal approves an unauthorized act of an agent, which can be express or implied. For valid ratification, several conditions must be met, including that the act must be on behalf of the principal, the principal must exist and have contractual capacity, and the act must be lawful and communicated timely. Ratification has retrospective effects, meaning the principal
- Author
- Sunny Stelon
- Language
- EN