Explain what do you mean by Ratification
Explain what do you mean by Ratification?
Expert
A principal will be held liable if it ratifies (subsequently adopts, based on words or actions) a contract that was made by an agent without authority. In effect, the establishes the contract retroactively, thus placing the principal, agent, and third party in the same position as they would have been in if the agency relationship had existed at the time of the contract.
Illustrate the factors besides sharing of profits that suggest the existence of a partnership?
Explain misleading advertising and other representations of sellers?
What dismissal arises when an employee has been dismissed for cause?
Explain consumer protection acts?
Illustrate Frustrated Contracts Act?
What do you mean by Limited Partnerships?
Elucidate how statutory limitations on contractual capacity?
Elucidate personal property security legislation?
Explain about Fee Simple Estate?
Illustrate the types of Tenancies?
18,76,764
1943742 Asked
3,689
Active Tutors
1423403
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!